New Delhi, Aug. 14 -- Chief Economic Advisor (CEA) Anantha Nageswaran has downplayed the long-term impact of the 50 percent additional US tariffs on India, saying the current disruption could ease within one to two quarters.

Speaking at the Emkay Confluence 2025 on Wednesday, he acknowledged the possibility of short-term effects but stressed that, from a long-term perspective, the impact will not be that significant, according to FE.

The escalation follows US President Donald Trump's executive order last week imposing an extra 25 percent tariff on India over its purchases of Russian oil, on top of an existing 25 percent levy announced earlier this month.

The first tranche took effect on August 7, while the oil-linked tariff is schedule...