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U.S. Imposes 50% Tariffs on Most Indian Imports, Exempting Phones and Pharmaceuticals

Washington says the penalties punish India's purchases of Russian oil.

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Overview

  • The higher duties took effect Wednesday, raising previous 25% levies to a flat 50% on most Indian goods.
  • Electronics and pharmaceuticals are excluded, with smartphones such as iPhones assembled in India not subject to the new rate.
  • India condemned the move as unfair and said it will respond, noting other large buyers of Russian oil have not faced comparable U.S. tariffs.
  • Analysts warn the increase could lift costs for U.S. companies and consumers and further strain a labor market already hit by tariff pressures.
  • U.S. imports from India totaled about $87 billion last year, and sector-specific tariffs like those on steel and aluminum will not stack beyond the 50% rate.