President Donald J. Trump signed an executive order on Wednesday imposing a 25% ad valorem tariff on all imports from India in response to its continued importation of Russian oil. The tariff will take effect 21 days from the order's signing and applies to all goods except those specifically exempted under U.S. law and prior executive orders.
- Tariff imposed under the International Emergency Economic Powers Act and related authorities.
- Applies to all Indian imports starting August 27, 2025, with limited exceptions.
- Triggered by India’s direct or indirect purchases of Russian oil.
- Goods already in transit before the deadline are exempt if entered before September 17, 2025.
- The order allows for stacking with existing tariffs and includes monitoring for retaliation or compliance shifts.
- Future tariffs may target other countries found to be importing Russian oil.
Relevant Companies
- Tata Motors (TTM) – May face higher costs and pricing pressures on vehicle exports to the U.S. market.
- Infosys (INFY) – Indian IT services firm with significant U.S. business exposure, potentially affected by broader trade tensions.
- HDFC Bank (HDB) – Indian financial institution with U.S.-listed shares; broader trade actions could impact investor sentiment.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
