As a consequence of India’s energy purchases from Russia, the United States will levy a 50% tariff on Indian imports starting August 27th. A draft notice issued by the administration explains the strategy to enforce economic measures and raise tariffs on India. The US Customs and Border Protection (CBP) confirmed the new duties will be effective at 12:01 am EST on Wednesday.
US Sets 50% Tariff on India Effective August 27th
World 1 Min Read
