Trade relations between the United States (US) and India are increasingly tense as President Donald Trump's double tariff implementation began today.
Previously, Trump had threatened to impose an additional 25% tariff on India in retaliation for the country's continued oil purchases from Russia.
Thus, tariffs on Indian imports, which have increased to 50%, have begun, which is expected to put pressure on thousands of jobs and small exporters.
The Indian Ministry of Commerce has announced that exporters affected by the tariffs will receive financial assistance and are encouraged to diversify markets such as China, Latin America and the Middle East.
The US Customs and Border Protection Department has informed sellers of a 3-week exemption for Indian goods shipped to the US before the midnight deadline.
Also exempted are products such as steel, aluminum, copper and others that are subject to separate tariffs under the national security trade law Section 232.
Officials at India's Commerce Ministry said the average tariff on US imports is around 7.5%, while the US Trade Representative's office has outlined rates of up to 100% on autos and an average applied tariff rate of 39% on US plantation products.
