New York/Washington: India will face tariffs of 25 per cent on its exports to the US as President Donald Trump issued an executive order listing the various duties that Washington will impose on exports from countries around the world. In the Executive Order titled ‘Further Modifying The Reciprocal Tariff Rates’, Trump announced tariff rates for nearly 70 nations.

A 25 per cent “Reciprocal Tariff, Adjusted” has been imposed on India, according to the list released. The executive order however does not mention the “penalty” that Trump had said India will have to pay because of its purchases of Russian military equipment and energy. On Wednesday, Trump, through a post on his social media website Truth Social, announced the 25 per cent tariff on India and an additional penalty for New Delhi’s purchases from Russia.

While August 1 was the tariff deadline, the new levies will come into effect from August 7.

In April, Trump had announced that India will face a 26 per cent “discounted reciprocal tariff”, a per cent higher than the rate announced now. Responding to the executive order, Senior Vice President of the Asia Society Policy Institute (ASPI) and former Deputy US Trade Representative Wendy Cutler said in a statement that India, a “promising candidate for an early agreement”, was assigned a 25 per cent tariff.

This “calls into question the fate of a bilateral trade agreement. The President’s annoyance with India on a range of trade and broader matters rang through his Truth Social post,” Cutler said.

Federation of Indian Export Organizations (FIEO)........

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