FX.co ★ US Notice Signals 50% Tariff to Hit India Soon

The Trump Administration has announced its intention to impose a 50% tariff on products imported from India. This plan, detailed in a draft notice released on Monday and reported by Bloomberg.com, specifies that the increased tariffs will affect Indian imports that are either brought into consumption or removed from warehouses for consumption starting from 12:01 a.m. Eastern Daylight Time on August 27, 2025. Furthermore, President Trump hinted at the possibility of implementing additional tariffs or sanctions on Russian trading partners if negotiations with Moscow do not advance, cautioning that failure to reach a deal could result in "very big consequences" soon. Meanwhile, Indian Prime Minister Narendra Modi issued a resolute statement on Monday, expressing his support for small entrepreneurs and farmers, as noted by The Times of India. This statement came just two days before the planned U.S. tariffs on Indian goods were to take effect. Modi assured, "My government will never allow any harm to come to small entrepreneurs, farmers, and animal keepers, irrespective of any external pressures."