Overview

• The duties cover $87 billion of Indian goods and impose extra levies tied to Russia imports under President Trump’s reciprocal-tariff policy.
• Key industries including agriculture, textiles, electronics, pharmaceuticals and gems and jewellery face immediate cost increases and have launched impact assessments.
• Analysts forecast a 30–50 basis-point drag on India’s GDP growth, with a weaker rupee expected to partly cushion the export hit.
• Exporters warn that the undefined scope of the “Russia penalty” is preventing accurate landed-cost calculations and complicating supply-chain planning.
• Talks between New Delhi and Washington continue as India holds off on retaliatory measures in hopes of securing an interim trade agreement.