Bihar Conclave 2025

US Tariff Hike

The Indian pharmaceutical industry has been exempted from the US tariff hike, announced by President Trump on 27 August, after raising India-related tariffs to 50% on Russian oil purchases.

On Friday, Prime Minister Narendra Modi will hold a high-level Cabinet meeting at 1 PM to review the effects of steep new US tariffs on Indian exports.

India has stepped up its watch to block cheap Chinese imports following the steep US tariff hike on goods from the Communist country.

The 27% tariff hike by US President Donald Trump on Indian goods will have only a limited effect on the Indian economy.