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14m ago

U.S. Issues Notice to Lift Tariffs on Indian Goods to 50% Starting Aug. 27

Washington says the step responds to India’s Russian oil purchases to pressure Moscow over the war in Ukraine.

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Overview

  • The Department of Homeland Security and U.S. Customs and Border Protection published a draft notice directing HTSUS changes and listing covered items, with duties effective at 12:01 a.m. EDT on Aug. 27.
  • The action implements President Trump’s Executive Order 14329, which cites threats posed by Russia and adds a 25% penalty on Indian imports to reach a 50% effective rate.
  • Vice President J.D. Vance described the secondary tariffs as “aggressive economic leverage” aimed at limiting Russia’s oil revenues.
  • India rejected the move as unfair, and Prime Minister Narendra Modi vowed to protect farmers and small businesses while upholding energy choices based on national interest.
  • Mobile phones and pharmaceuticals are excluded for now, and analysts warn the 50% duty could heavily damage exporters and jobs as the White House signals possible further penalties if peace talks stall.