Overview

• An extra 25% duty took effect today via a Federal Register notice following an order from President Trump, confirmed by White House trade adviser Peter Navarro.
• Duties on many products now reach up to 50%, covering categories such as apparel, gems and jewelry, footwear, sporting goods, furniture, and chemicals.
• U.S. officials frame the tariffs as a response to India's continued purchases of Russian oil and gas intended to weaken Russia's war economy.
• India plans financial support for affected exporters and will encourage redirecting shipments to China, Latin America, and the Middle East.
• Export associations warn the increase could affect nearly 55% of Indian goods bound for the U.S. worth about $87 billion, while analysts estimate discounted Russian crude has saved India at least $17 billion and now accounts for nearly 40% of its oil buys.