<h1>US imposes 25% tariff on Indian imports under new trade rules, impacting global markets and equity values</h1> A major equity market decline followed the announcement of a 25 percent tariff on all goods imported from India by the United States, effective August 1, along with penalties targeting purchases of Russian crude oil and military equipment. The tariffs are viewed as a strategic move to pressure India into complying with US trade demands. This marks the first instance of penalties imposed on a country for Russian imports. Key Indian firms experienced significant stock value drops, while some companies reported gains due to positive financial results. The announcement impacted global markets, with declines in several Asian indices and mixed performance in European markets. Foreign institutional investors also reduced equity holdings significantly. The tariff imposition reflects escalating trade tensions and introduces new compliance challenges for Indian exporters and importers engaged in transactions with the US and Russia.