https://www.taxtmi.com/news?id=51035 The United States announced a 25 per cent tariff on imports from India effective August 1, plus an additional unspecified penalty tied to India's purchases of Russian energy. The tariff is justified by a US trade deficit and perceived Indian market barriers; officials said it aims to induce price reductions, onshoring of production, and greater Indian market access for US goods. Commentators described the measure as hardball negotiating to extract wider concessions while warning of potential economic escalation and urging continued negotiation channels. en-us Wed, 30 Jul 2025 23:16:02 +0530 Wed, 30 Jul 2025 23:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51035 The United States announced a 25 per cent tariff on imports from India effective August 1, plus an additional unspecified penalty tied to India's purchases of Russian energy. The tariff is justified by a US trade deficit and perceived Indian market barriers; officials said it aims to induce price reductions, onshoring of production, and greater Indian market access for US goods. Commentators described the measure as hardball negotiating to extract wider concessions while warning of potential economic escalation and urging continued negotiation channels. News - Wed, 30 Jul 2025 23:16:02 +0530 https://www.taxtmi.com/news?id=51035