https://www.taxtmi.com/news?id=51756 The United States issued an executive order imposing an additional 25% tariff on specified Indian goods, effective after 21 days and increasing duties on some items to up to fifty percent; covered export sectors include textiles, gems and jewellery, shrimp, leather and footwear, animal products, chemicals and machinery, while exemptions include pharmaceuticals, energy products (crude oil, refined fuels, natural gas, coal, electricity), critical minerals and a range of electronics and semiconductors. The Ministry of External Affairs condemned the measure as unfair and unjustified, defended India's market based energy procurement to ensure national energy security, and stated India will take necessary measures to protect its national interests. en-us Wed, 06 Aug 2025 22:01:06 +0530 Wed, 06 Aug 2025 22:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51756 The United States issued an executive order imposing an additional 25% tariff on specified Indian goods, effective after 21 days and increasing duties on some items to up to fifty percent; covered export sectors include textiles, gems and jewellery, shrimp, leather and footwear, animal products, chemicals and machinery, while exemptions include pharmaceuticals, energy products (crude oil, refined fuels, natural gas, coal, electricity), critical minerals and a range of electronics and semiconductors. The Ministry of External Affairs condemned the measure as unfair and unjustified, defended India's market based energy procurement to ensure national energy security, and stated India will take necessary measures to protect its national interests. News - Wed, 06 Aug 2025 22:01:06 +0530 https://www.taxtmi.com/news?id=51756