US issues notice to India ahead of Trump’s 50% tariffs deadline5Photo© hindustantimes.com

US issues notice to India ahead of Trump’s 50% tariffs deadline

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The additional 25% tariffs on Indian imports have been formally announced by the US in a public notice, and they will go into force on August 27 at 12:01 a.m. (EST). According to the letter, which was sent by the US Customs and Border Protection (CBP) division of the Department of Homeland Security, the tariffs are in effect as a result of President Donald Trump's Executive Order 14329, which was signed on August 6.

The order directed US agencies to respond to "threats to the United States by the Government of the Russian Federation," and as part of that policy, India was assigned additional responsibilities.

A broad range of Indian goods mentioned in the notice's annex will be subject to the taxes.  After the deadline, they will be applied to products that are brought into warehouses for consumption or taken out for consumption.