US Imposes 50% Tariffs on $60 Billion of Goods from India

On August 27, 2025, the US will impose 50% tariffs on $60 billion of exports from India, including textiles, gemstones, and agricultural products, in response to India's purchases of Russian oil and military equipment. Pharmaceuticals, electronics, and most automobiles are exempt. The new rates take effect at 00:01 EST on August 27; goods shipped before this date will not be subject to the tariffs if documented by September 17. India forecasts a 70% drop in exports, which will lead to job losses. Negotiations are ongoing to mitigate the tariffs.