Brief by Shorts91 Newsdesk / 09:29am on 26 Aug 2025,Tuesday India Global
From August 27, 2025, the US will enforce steep new tariffs on Indian goods, doubling duties to 50% on several key sectors. The move, tied to Washington’s concerns over India’s surging Russian oil imports, threatens over 55% of India’s $87 billion exports to the US. Exporters warn shipments could drop 20–30% starting September, while the rupee and stock markets have already declined. New Delhi is preparing relief measures for exporters and urging diversification into China, Latin America, and the Middle East. Economists caution the tariffs could cut India’s annual GDP growth by 0.8 percentage points. (PC: Reuters)
