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Indian exporters raise concern as US law allows Donald Trump to impose tariffs of up to 100 per cent

However, the likely impact on Indian exports can be assessed only after Washington announces the tariff rate, product coverage, and implementation schedule

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Donald Trump signed the Sanctioning Russia and Iran Act on September 18. PIC/ISTOCK

Donald Trump signed the Sanctioning Russia and Iran Act on September 18. PIC/ISTOCK

The new US law empowering President Donald Trump to impose tariffs of up to 100 per cent on Indian goods is creating uncertainty over the otherwise healthy trade relations between the two countries, according to exporters.

President Trump on September 18 signed the Sanctioning Russia and Iran Act, which authorises him to impose tariffs of up to 100 per cent on countries buying Russian oil and gas, including China and India.

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