Industrialist Harsh Goenka responded to the US imposing a 25% tariff on Indian imports, asserting India's sovereignty and commitment to self-reliance. The tariffs, effective Thursday, are part of a broader trade action by US President Trump targeting 70 countries.

India will find better alternatives and build self-reliance, said Harsh Goenka, Chairman of RPG Enterprises, in response to increased Trump tariffs.

The tariff, part of an expanded national emergency framework invoked under the International Emergency Economic Powers Act, is meant to punish India for what the U.S. calls indirect support to Russia's war economy.

Donald Trump on August 6 signed an executive order - Addressing Threats to the US by the Government of the Russian Federation - imposing the additional tariff over an above the 25 per cent levy which comes into effect from August 7.

Industrialist Harsh Goenka condemned the U.S.'s additional 25% tariff on Indian goods over Russian oil imports, calling it an attack on sovereignty. The tariff hike raises the total duty to 50%, impacting key sectors like textiles and marine exports.

As the president pursues his goals on Russia and trade, America’s relationship with an important partner in Asia could end up as collateral damage.

India’s economy could face a multibillion-dollar impact following US President Donald Trump’s decision to raise tariffs on Indian goods to 50% in response to New Delhi’s continued oil trade with Russia.

Why is the president imposing on India stiffer levies than on New Delhi’s regional competitors? India, a strategic partner of America, feels betrayed by President Trump’s sweeping 25 percent tariff on all Indian-origin goods,