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US tariff impact to ease out in 1-2 quarters: CEA
Financial Express Ahmedabad
|August 14, 2025
THE CURRENT IMBROGLIO caused by the 50% additional US tariff on India is expected to ease out in one to two quarters, chief economic advisor V Anantha Nageswaran said at Emkay Confluence 2025 event here on Wednesday.
"I don't think from a long-term picture, the impact (of US tariff on the Indian economy) will be that significant but in the short-term, there may be some impact," he added.
Last week, US President Donald Trump signed an executive order imposing an additional 25% levy on India for purchasing Russian oil, bringing the total extra tariff to 50%. While the initial 25% tariff came into effect on August 7, the additional 25% linked to India's imports of Russian oil is set to take effect on August 27.
In the meantime, India and the US haven't yet formally ended the negotiations for a bilateral trade agreement.
यह कहानी Financial Express Ahmedabad के August 14, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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