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US tariff on Indian exports
August 5 , 2025
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- The United States announced a 25 per cent tariff on nearly all Indian exports starting August 1, 2025.
- The tariff affects the key sectors, including electronics, pharmaceuticals, textiles, gems and automobile parts.
- India is Russia’s largest buyer of the energy, alongside China, during the Ukraine conflict.
- The tariff may reduce India’s GDP growth by up to 0.5 per cent and shift supply chains to other countries.
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