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India continues negotiations with the United States on duties


August, 27 2025
watermark Economic news

India continues to negotiate with the United States after the introduction of an additional 25% duty on Indian goods from August 27 due to purchases of Russian oil. The combined tariffs now reach 50%.


According to sources, New Delhi is striving to find mutual understanding and conclude a trade agreement, but it does not intend to compromise the interests of farmers and small businesses. The authorities call Washington's actions «unjustified» and hope that the duty is temporary.


India notes that the United States has not applied similar measures to larger importers of Russian oil, including China, which recently extended a 90-day tariff break.


The Indian Foreign Ministry earlier condemned the US actions, calling them «unfair and unreasonable.»



    






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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.