Another Additional 25% Tariff for Indian Goods Begins in 21 Days
The U.S. will impose another additional 25% tariff on India beginning Aug. 27 to address India’s imports of Russian oil, said President Donald Trump in an executive order issued Aug. 6.
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The tariffs set in the order will come on top of the 25% reciprocal tariff that takes effect for India Aug. 7. However, goods that are subject to "existing or future" Section 232 tariffs won’t face the additional tariff, nor will other goods already exempt from reciprocal tariffs. An in-transit exemption applies for goods loaded onto a vessel at the port of loading and in transit on the final mode of transit prior to 12:01 a.m. ET on Aug. 27 and entered before Sept. 17.
The additional duties are because of India's purchases of Russian oil; the order says the Commerce Secretary, Treasury Secretary and Secretary of State "shall determine whether any other country is directly or indirectly importing Russian Federation oil," and "shall recommend whether and to what extent I should take action as to that country, including whether I should impose an additional ad valorem rate of duty of 25 percent on imports."