New Delhi, Aug. 13 -- The cumulative 50 per cent tariffs imposed by US President Donald Trump on Indian goods will come into effect a fortnight from now, unless there is a breakthrough in terms of a trade deal between the two countries.

In addition to a 50 per cent flat tariff on Indian goods, additional most-favoured nation (MFN) duties will also apply to some merchandise goods.

For instance, apparel (knitted) will attract a 13.9 per cent additional MFN tariff on top of 50 per cent tariffs. Apparel (woven) will attract a total 60.3 per cent tariffs, including the 10.3 per cent MFN tariffs.

The exports of apparel, knitted and woven combined to the US were to the tune of about USD 5.5 billion in 2024-25, according to an analysis by Glob...