Indian exports face blow as US enforces steep new tariffs from Wednesday

26/8/2025 15:55

Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would 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 punishment for New Delhi's purchases of Russian oil. The new duties will apply to goods entering the U.S. for consumption or withdrawn from warehouses for consumption from 12:01 a.m. EDT on Wednesday or 9:31 a.m. IST, according to the Homeland Security notice.



The Indian rupee weakened 0.2% to 87.75 per U.S. dollar in early trade, even as the greenback declined against many other currencies. The benchmark equity indexes and were each trading 0.7% lower.



White House trade adviser Peter Navarro and U.S. Treasury Secretary Scott Bessent have accused India of indirectly funding Russia's war against Ukraine by boosting Russian oil purchases, and said that must stop.