Trump rules out trade negotiations with India amid 50% tariff

While the earlier tariff rate of 25% is applicable from August 1, the new tariff levy will be effective after 21 days, or August 27. Trump’s latest executive order says the new rate of duty will be effective for goods entering the US 21 days after this order is issued. However, goods already shipped to the US before that will not be affected as they are entered for use or taken for storage before September 17, 2025.

Meanwhile, the Indian government said that India will protect its national interests. “India will take all actions necessary to protect its national interests. The United States has in recent days targeted India’s oil imports from Russia,” the ministry of external affairs said in a statement. “We have already made clear our position on these issues, including the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India,” the MEA statement said. “It is therefore extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,” it added.