Brief by Shorts91 Newsdesk / 12:49pm on 08 Aug 2025,Friday International
US President Donald Trump has imposed an additional 25% tariff on select Indian goods, raising total duties to as high as 50% effective 21 days after August 7. The move, linked to India’s continued purchase of Russian oil, will impact major export sectors like gems and jewellery, textiles, and some auto components. Industry bodies warn of severe disruption, with competing hubs like Turkey and Vietnam taxed less. Smartphones, pharmaceuticals, and renewable energy products remain exempt. The US is India’s largest market for jewellery and textiles, with billions in annual exports. New Delhi has yet to announce its response to the tariffs. (PC: NDTV)
