https://www.taxtmi.com/news?id=51009 A unilateral trade measure imposes a twenty-five percent tariff on all goods from India effective August 1, plus an unspecified penalty tied to India's purchases of military equipment and crude oil from Russia. The announcement does not clarify whether the tariff is additive to an existing baseline duty or the legal basis and quantum of the penalty. The measure is presented against a background of ongoing bilateral trade negotiations and existing elevated sectoral duties on steel, aluminium and autos. en-us Wed, 30 Jul 2025 20:01:04 +0530 Wed, 30 Jul 2025 20:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51009 A unilateral trade measure imposes a twenty-five percent tariff on all goods from India effective August 1, plus an unspecified penalty tied to India's purchases of military equipment and crude oil from Russia. The announcement does not clarify whether the tariff is additive to an existing baseline duty or the legal basis and quantum of the penalty. The measure is presented against a background of ongoing bilateral trade negotiations and existing elevated sectoral duties on steel, aluminium and autos. News - Wed, 30 Jul 2025 20:01:04 +0530 https://www.taxtmi.com/news?id=51009