https://www.taxtmi.com/news?id=51802 An executive order imposed an additional tariff as a penalty tied to India's purchase of Russian oil, creating a steep tariff on Indian goods with limited exemptions. The measure raises trade barriers and is expected to hit export sectors including IT services, pharmaceuticals, and textiles, reducing competitiveness and employment; political leaders criticised the government's diplomatic approach in light of the sanction. en-us Thu, 07 Aug 2025 13:01:03 +0530 Thu, 07 Aug 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51802 An executive order imposed an additional tariff as a penalty tied to India's purchase of Russian oil, creating a steep tariff on Indian goods with limited exemptions. The measure raises trade barriers and is expected to hit export sectors including IT services, pharmaceuticals, and textiles, reducing competitiveness and employment; political leaders criticised the government's diplomatic approach in light of the sanction. News - Thu, 07 Aug 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=51802