US to Impose 50% Tariff on Indian Goods Starting August 27th

The United States government will implement a 50% tariff on various products imported from India, effective August 27th. This action is a response to India’s energy imports from Russia. The Department of Homeland Security published a notice outlining the administration’s plan to increase economic pressure on New Delhi. The new duties are scheduled to take effect at 12:01 am EST on Wednesday.