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After US President Donald Trump announced raising tariffs on Indian goods to 50 per cent, the US Customs and Border Protection (CBP) has issued a draft notice regarding the imposition of additional duty on products imported from India.
According to the notice, the additional tariffs are being imposed to carry out the President's Executive Order 14329 of August 6, 2025, titled "Addressing Threats to the United States by the Government of the Russian Federation."
The order fixed new rates of duty on the import of products from India.
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The draft notice, to be published on August 27, 2025, states that the Secretary of Homeland Security has found it necessary to revise the Harmonized Tariff Schedule of the United States (HTSUS) consistent with the executive order.
The CBP further clarified that the new duties will take effect on August 27, 2025. From 12:01 am (eastern daylight) on that day, the higher duties will apply to all products from India that are either brought into the United States for consumption or withdrawn from warehouses for consumption.
Earlier on July 30, US President Donald Trump had announced imposing an additional 25 percent tariff on India.
He stated that "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," Trump said in a post on Truth Social.
"Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE - ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25 per cent, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST 1st. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!", the US President said.
Prime Minister Narendra Modi on Monday maintained his firm stand ahead of the 50 per cent US tariff on Indian goods coming into effect from August 27, saying his government will find a way out regardless of economic pressure from Washington.
"No matter how much pressure comes, we will keep increasing our strength to withstand it. Today, the Atmanirbhar Bharat Abhiyan is getting a lot of energy from Gujarat and behind this are two decades of hard work...," PM Modi said while speaking at a public address in Ahmedabad on Monday.
Industry body FICCI had earlier expressed disappointment over US President Donald Trump's decision to impose a 25 per cent tariff on Indian goods and said the move was unfortunate and would have a clear impact on India's exports.
Indian trade bodies have expressed disappointment over US President Donald Trump's decision to impose a 25 per cent tariff and additional penalties on goods imported from India and termed it a setback to the Indian export market. However, they also see potential opportunities for export diversification and supply chain realignment.
While some business and industry leaders warned of short-term disruptions, others expressed confidence that India's strong manufacturing base, especially across various sectors such as pharmaceuticals and medical equipment, would help it withstand the impact and forge new business partnerships.
With the inputs of IANS
English (US) ·