Overview

• The U.S. tariff rate on Indian goods stands at 50% from August 27, including a 25% penalty linked to New Delhi’s purchases of Russian crude.
• Indian industry reports pressure on labor‑intensive exports such as shrimp, textiles, leather and footwear.
• After weeks of tension, bilateral trade negotiations have resumed, led by Brendan Lynch for the U.S. and Rajesh Agrawal for India.
• President Trump acknowledged the tariff move “causes a rift” with India even as he defends it as leverage over Russian oil.
• Lavrov said India and China, as “ancient civilisations,” will not bow to U.S. ultimatums and warned the measures force them to seek costlier energy options.