As of today, October 3, 2025, the United States has imposed significant tariffs on Indian imports, heightening trade tensions between the two nations. In August, the U.S. introduced a tariff rate that reportedly varies; some sources indicate a 25% duty on nearly all imports from India, while others suggest a higher rate of 50% under specific circumstances. This move is part of broader trade tensions, with the U.S. also urging other countries, like those in the European Union, to impose even harsher tariffs on Indian goods.

The International Monetary Fund projected earlier this year that India's GDP would grow by 6.4% in 2025, making it one of the fastest-growing major economies. However, the imposition of these tariffs poses a significant challenge for Indian policymakers. The IT sector, particularly, is affected due to increased H-1B visa fees, which are now set at $100,000. This hike directly impacts Indian companies like Tata Consultancy Services, Infosys, and Wipro, which rely heavily on these visas to access the U.S. market.

Russian President Vladimir Putin has voiced support for India, stating that the country will not allow itself to be humiliated by U.S. pressure. Putin noted that any losses from U.S. tariffs could be offset by Russia's crude oil imports to India, which also boosts India's sovereignty. Russia is exploring ways to provide market access to Indian exporters affected by U.S. tariffs.

Indian Finance Minister Nirmala Sitharaman has emphasized that India's economy is resilient and capable of absorbing external shocks. She highlighted the need for India to maintain its economic leverage and pursue sustainable growth strategies, aiming for an 8% GDP growth rate to achieve developed nation status by 2047.

U.S. President Donald Trump has also hinted at potential rebates to Americans from tariff revenues, proposing a "tariff dividend" of up to $2,000 per person. This move is part of his broader trade policy aimed at benefiting domestic consumers.

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