India Fires Back: Retaliation Looms Over US Tariffs
Commerce Minister Piyush Goyal has warned of retaliatory action against the US’s imposition of a 25% tariff on certain Indian goods. The statement follows the announcement of the tariffs, set to take effect on August 1, 2025.
The government is currently assessing the full impact of these tariffs on Indian businesses and exports. A detailed analysis is underway to determine the appropriate response.
Mr. Goyal stressed India’s commitment to protecting its economic interests and its exporters from unfair trade practices. The government will not hesitate to take necessary measures to safeguard its industries.
The impending tariff war raises serious concerns about the future of Indo-US trade relations. The outcome will significantly impact several key sectors of the Indian economy and the livelihoods of countless workers.