https://www.taxtmi.com/news?id=55536 US-imposed tariffs and an additional penalty tied to purchases of Russian oil have made many Indian exports to the US commercially unviable, contributing to reported job losses in gems and jewellery, seafood, and manufacturing. The additional levy is described as a sanction rather than a conventional tariff and as discriminatory compared with other countries buying the same energy. Policy responses urged include export-market diversification, use of recent trade agreements, negotiation for restored US access, and diversified political and trade engagement with other partners to mitigate concentrated exposure. en-us Fri, 12 Sep 2025 19:16:03 +0530 Fri, 12 Sep 2025 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=55536 US-imposed tariffs and an additional penalty tied to purchases of Russian oil have made many Indian exports to the US commercially unviable, contributing to reported job losses in gems and jewellery, seafood, and manufacturing. The additional levy is described as a sanction rather than a conventional tariff and as discriminatory compared with other countries buying the same energy. Policy responses urged include export-market diversification, use of recent trade agreements, negotiation for restored US access, and diversified political and trade engagement with other partners to mitigate concentrated exposure. News - Fri, 12 Sep 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=55536