India Braces for Export Hit as US Imposes Steep New Tariffs From Wednesday
Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation.
Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as a punishment for New Delhi's increased purchases of Russian oil earlier in August.
The new duties will apply to goods entering the U.S. for consumption or withdrawn from...
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