https://www.taxtmi.com/news?id=51759 The United States has imposed an additional tariff regime raising cumulative duties on Indian goods to a 50 per cent reciprocal tariff, implemented in staged surcharges on top of existing US import duties and trade remedy levies. This escalation materially increases landed costs for Indian exporters, disproportionately affecting textiles and apparel, gems and jewellery, shrimp and seafood, leather and footwear, chemicals, and electrical and mechanical machinery, prompting concerns about lost orders, reduced competitiveness versus lower-tariff suppliers, and calls for expedited bilateral trade negotiations to address the commercial disruption. en-us Wed, 06 Aug 2025 22:16:03 +0530 Wed, 06 Aug 2025 22:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51759 The United States has imposed an additional tariff regime raising cumulative duties on Indian goods to a 50 per cent reciprocal tariff, implemented in staged surcharges on top of existing US import duties and trade remedy levies. This escalation materially increases landed costs for Indian exporters, disproportionately affecting textiles and apparel, gems and jewellery, shrimp and seafood, leather and footwear, chemicals, and electrical and mechanical machinery, prompting concerns about lost orders, reduced competitiveness versus lower-tariff suppliers, and calls for expedited bilateral trade negotiations to address the commercial disruption. News - Wed, 06 Aug 2025 22:16:03 +0530 https://www.taxtmi.com/news?id=51759