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Indian Economy
An employee checks the stock of medicines at a pharmacy in Srinagar, Jammu and Kashmir, on August 8, 2025. President Donald Trump tells CNBC's ''Squawk Box'' on Tuesday that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he threatens so far. Meanwhile, in an escalation of trade tensions between the United States and India, US President Donald Trump, on August 6, 2025, signs an executive order imposing a 25 percent ad valorem tariff on all Indian imports into the United States. The ad valorem duty imposed in Executive Order 14257 applies in addition to the ad valorem duty imposed in section 2 of the order. This effectively means some categories of Indian exports may face a combined tariff burden of over 50 percent, depending on their classification. (Photo by Firdous Nazir/NurPhoto)
Photo Details
| Photo ID | #12625477 |
|---|---|
| Date Taken | |
| Location | N/A |
| Photographer | Firdous Nazir/NurPhoto |
| Category | Economy, Business and Finance |
| Copyright | © 2026 NurPhoto - Firdous Nazir/NurPhoto |
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Firdous Nazir
NurPhoto
August 06
2025
escalation
trade
duty.
2026 NurPhoto. All rights reserved.
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