https://www.taxtmi.com/news?id=51297 An executive order imposes a 25 per cent reciprocal tariff on India effective August 7, described as addressing trade imbalances and national-security alignment. The tariff is said to affect roughly half of India's exports to the United States across sectors such as textiles, gems and jewellery, seafood, leather, animal products, chemicals, and machinery. The order references an additional unspecified penalty related to India's purchases from Russia. Transitional relief excludes goods in transit or loaded by the effective date and goods cleared for consumption in the United States by a specified later date. en-us Fri, 01 Aug 2025 20:01:04 +0530 Fri, 01 Aug 2025 20:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51297 An executive order imposes a 25 per cent reciprocal tariff on India effective August 7, described as addressing trade imbalances and national-security alignment. The tariff is said to affect roughly half of India's exports to the United States across sectors such as textiles, gems and jewellery, seafood, leather, animal products, chemicals, and machinery. The order references an additional unspecified penalty related to India's purchases from Russia. Transitional relief excludes goods in transit or loaded by the effective date and goods cleared for consumption in the United States by a specified later date. News - Fri, 01 Aug 2025 20:01:04 +0530 https://www.taxtmi.com/news?id=51297