New Delhi, Aug. 26 -- The 21-day deadline to impose a 25% additional tariff on Indian exports to the US ends on Wednesday. In a draft notice published on Monday, August 25, the US administration detailed its plan to impose a 50% tariff on Indian products as the August 27 deadline approaches, signalling its intent to move forward with the levies as the Russia-Ukraine war continues. The Department of Homeland Security has already issued notice saying the increased levies would hit Indian products "that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 AM eastern daylight time on August 27, 2025."

One may wonder here if Trump's tariffs hit India only, or if they may backfire. According to experts, D...