- Imposition of New Tariffs: Effective August 27, 2025, the United States will impose an additional 25% ad valorem duty on certain imports from India, raising the total tariff on Indian goods to 50% due to India’s indirect importation of Russian oil.
- Executive Order Context: This action follows President Trump’s Executive Order issued on August 6, 2025, aimed at addressing national security threats related to the Russian Federation’s actions, particularly concerning Ukraine.
- Business Implications: Companies importing from India must reassess their import strategies and pricing structures, analyze supply chain impacts, and consult with legal and trade advisors to ensure compliance with the new tariff regulations.
Source EY
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
