President Donald Trump signed a new executive order right now imposing steep country-wide tariffs on India as a result of the nation continues to purchase oil from Russia. Trump mentioned he’ll place related tariffs on different nations that buy Russian oil. The president believes that Russia’s continued conflict actions in Ukraine are threatening U.S. nationwide safety and overseas coverage, and reducing off help to Russia’s oil manufacturing will weaken Russia’s economic system.
The U.S. authorities will impose a 25% tariff on imports from India, efficient Aug. 27, 2025. The tariffs are along with different tariffs, together with the 25% reciprocal tariff imposed towards India beneath the April 2 executive order.
The U.S. Worldwide Commerce Court docket (ITC) and the Dept. of Commerce (DOC) are additionally presently investigating whether or not solar panel imports from India are unfairly priced or backed. The Alliance for American Solar Manufacturing and Trade, which petitioned for the AD/CVD investigation, has recognized a dumping margin of 213.96%.
With now at the very least a 50% common tariff on all Indian items and probably extra coming for photo voltaic imports particularly, photo voltaic cells and panels from the nation may rise in value in a short time. India is presently the sixth largest importer of photo voltaic panels into america and the eighth largest nation for photo voltaic cell imports.
