New Delhi, Aug 26
The US administration has decided to raise tariffs on Indian imports, with an additional 25 per cent duty for purchasing Russian oil, which is set to take effect from August 27.
This decision will push the overall tariffs to 50 per cent on Indian goods entering the US.
The Department of Homeland Security (DHS) confirmed that the new measures will take effect from “12:01 am Eastern Daylight Time on 27 August as per their latest draft notice”.
According to the draft notice issued by the DHS, the duties target India under the policy of countering “threats to the United States by the government of Russian Federation”.
“The duties set out in the Annex to this document are effective with respect to products of India that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am Eastern Daylight Time on August 27, 2025,” it stated.