US Tariff Hike: 25% Duty on Indian Goods Imposed from August 1 | ABP NEWS

Starting August 1, the United States will implement a 25% tariff on a range of Indian products, including automobiles and smartphones. This new tariff is expected to impact Indian exporters significantly. The announcement follows President Donald Trump’s policy to impose tariffs on countries matching the duties imposed on the US. Currently, the US collects varying tariffs from different countries: 19% from Pakistan, 15% from Japan and Israel, 10% from the UK, 19% from Indonesia and Malaysia, 30% from South Africa, 20% from Sri Lanka, and 15% from South Korea. The 25% tariff on India aims to balance trade disparities and protect American industries. Indian businesses may face challenges due to the increased cost of exporting goods to the US, potentially affecting prices and competitiveness. The full impact of these tariffs will unfold in the coming months.