New Delhi, Aug. 7 -- The newly announced US tariffs on Indian goods are expected to significantly disrupt trade, potentially reducing exports to America by 40-50 percent, according to a statement released by think tank Global Trade Research Initiative (GTRI) on Wednesday.

The US administration on August 6 imposed an additional 25 percent duty on all Indian imports, raising the total tariff burden to 50 percent.

The measure, effective from August 27, is said to be a response to India's continued purchase of oil from Russia.

GTRI Founder Ajay Srivastava warned that the sharp hike in tariffs could severely impact India's USD 86.5 billion annual exports to the US, spanning key sectors such as textiles, engineering goods, and machinery.

"T...