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.