US administration's doubling of tariffs towards India takes impact

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The 25% punitive tariffs right here stacks on high of the earlier 25% tariffs on many Indian merchandise, as a part of Trump’s disdain in the direction of the truth that India moved to buy Russian oil. Which means items comparable to clothes, gems, footwear, furnishings, and chemical compounds shall be slapped with 50% tariffs.

For items loaded onto a vessel and in transit to the US earlier than the midnight deadline, there shall be a three-week exemption interval. In any other case, the above tariffs shall be relevant. Apart from that, metal and aluminum are additionally exempt.

Talks are not going properly between each side and this clearly reveals that even “shut” allies are topic to being pushed round by Trump. Principally, something goes.

Here is a great checklist by Reuters on what shall be impacted essentially the most from India:

This text was written by Justin Low at investinglive.com.

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