https://www.taxtmi.com/news?id=53628 A draft US notice proposing an additional 25 per cent tariff on Indian products-together with presidential announcements-would impose steep cumulative duties on many Indian exports while exempting pharmaceuticals, electronics and petroleum products; labour intensive sectors such as shrimp, apparel, leather and gems & jewellery are identified as particularly affected. The tariff uncertainty has led to rupee depreciation, equity market declines and foreign institutional investor outflows, while softer crude oil and a weaker US dollar provided limited support. en-us Tue, 26 Aug 2025 16:01:04 +0530 Tue, 26 Aug 2025 16:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53628 A draft US notice proposing an additional 25 per cent tariff on Indian products-together with presidential announcements-would impose steep cumulative duties on many Indian exports while exempting pharmaceuticals, electronics and petroleum products; labour intensive sectors such as shrimp, apparel, leather and gems & jewellery are identified as particularly affected. The tariff uncertainty has led to rupee depreciation, equity market declines and foreign institutional investor outflows, while softer crude oil and a weaker US dollar provided limited support. News - Tue, 26 Aug 2025 16:01:04 +0530 https://www.taxtmi.com/news?id=53628