Overview

• The Trump administration’s executive order imposes a 50% tariff on specified Indian imports—25% reciprocal and an additional 25% tied to Russian oil—effective August 27.
• Foreign Secretary Vikram Misri assured a parliamentary standing committee that defense deals with the United States will continue despite the trade measures.
• Officials informed lawmakers that India will maintain Russian oil imports for energy security and has condemned the tariffs as unfair and impractical.
• President Trump said the levy on Russia-linked oil purchases dealt a “big blow” to Moscow’s economy ahead of his Alaska summit with President Putin.
• The Commerce Ministry estimates more than half of India’s exports to the U.S. face the reciprocal tariff, has exempted pharmaceuticals and electronics and is fast-tracking export-diversification strategies and new free-trade pacts.