The United States is set to impose an additional 25 per cent tariff on Indian goods from August 27, effectively raising the total duty to 50 per cent on a wide range of exports. It is estimated that the tariffs will affect over USD 48 billion worth of Indian exports to the American market, reported the PTI.

It follows a previous 25 per cent levy that came into effect on August 7.

The total tariff on Indian goods entering the US market, with certain exceptions, will now be 50 per cent. The US imposed a 25 per cent tariff on India on August 7 and had announced another 25 per cent duties from August 27 as a penalty for buying Russian crude oil and military equipment.