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steep 50% tariff

Trump has imposed a 50% tariff on India for buying oil from Russia.

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On August 27, 2025, the United States officially imposed an additional 25% tariff on a wide range of goods from India, bringing the total US levy to 50% for many products. This action is linked to India’s continued purchases of Russian oil and defense equipment, which the U.S. has accused India of using to indirectly … Read more

India removes import duty on cotton in temporary relief for the garment industry, Aug -2025

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India removes import duty on cotton in temporary relief for the garment industry India has temporarily removed the 11% import duty on cotton, effective from August 19 to September 30, 2025. This decision was made to provide relief to the country’s textile and garment industry, which has been facing increased costs and global competition. The … Read more