A 3D-printed miniature model of US President Donald Trump, the Indian flag and the word "Tariffs" are seen in this illustration taken July 23, 2025. Indian exports will face US duties of up to 50 percent - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as punishment for New Delhi's purchases of Russian oil. "The government has identified nearly 50 countries for increasing Indian exports, particularly of textiles, food processed items, leather goods, marine products." With these additional tariffs, the exports could come down by 20-30 percent from September onward," said Pankaj Chadha, president, Engineering Exports Promotion Council. There is no directive from the government so far regarding oil purchases from Russia.
