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August 27, 2025 - Current affairs for all the Exams: US Imposes 50% Tariffs on Indian Goods, Sparking Economic Concerns

August 27, 2025

The United States has begun imposing significant tariffs, totaling 50%, on a wide range of Indian exports, effective August 27, 2025. This move, which includes an additional 25% duty on top of existing tariffs, is expected to severely impact India's export-oriented sectors, particularly labor-intensive industries such as textiles, gems and jewelry, and shrimp. The decision has led to a notable downturn in Indian stock markets, with the Sensex and Nifty experiencing sharp declines. The Indian government and the Reserve Bank of India (RBI) are assessing the situation and exploring measures to mitigate the economic shock, while experts warn of potential impacts on India's GDP growth.

Question 1 of 15

1. What is the total tariff rate imposed by the United States on various Indian goods, including the supplementary duty?

A) 25% B) 50% C) 66% D) 75%

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August 27, 2025 - Current affairs for all the Exams: US Imposes 50% Tariffs on Indian Goods, Sparking Economic Concerns

Your Score: 0 / 0

1. What is the total tariff rate imposed by the United States on various Indian goods, including the supplementary duty?

2. When did the new US tariffs on Indian goods officially come into effect?

3. According to the provided content, what is cited as a primary reason for the US imposing new tariffs on Indian goods?

4. What estimated value of India's total exports to the US in FY2025 is projected to be hit by the new tariffs?

5. Which of the following sectors is NOT explicitly mentioned as being severely affected by the new US tariffs?

6. According to the Global Trade Research Initiative (GTRI), by how much could India's exports to the US decline in FY2026 if the tariffs remain in place, compared to FY2025?

7. In the worst-case scenario, how much could India's GDP growth be reduced due to the new tariffs, according to GTRI analysts?

8. On August 26, 2025, how many points did the Sensex tumble in response to the tariff news?

9. What was the closing value of the Indian Rupee against the US dollar on August 26, 2025?

10. Who is the current Governor of the Reserve Bank of India, as mentioned in the text, who stated the central bank is ready to implement policy measures?

11. Which of the following product categories is explicitly mentioned as being exempt from the new US tariffs?

12. To be exempt from the additional duty, shipments that left India before August 27, 2025, must be cleared in the US before which date?

13. Which of the following sectoral indices on the NSE was the ONLY one NOT to decline on August 26, 2025?

14. Apart from considering fiscal support, what is the Indian government urging exporters to do in response to the tariffs?

15. What percentage of India's total exports to the US is projected to be hit by the new tariffs?

August 27, 2025 - Current affairs for all the Exams: US Imposes 50% Tariffs on Indian Goods, Sparking Economic Concerns

Your Score: 0 / 0

1. What is the total tariff rate imposed by the United States on various Indian goods, including the supplementary duty?

2. When did the new US tariffs on Indian goods officially come into effect?

3. According to the provided content, what is cited as a primary reason for the US imposing new tariffs on Indian goods?

4. What estimated value of India's total exports to the US in FY2025 is projected to be hit by the new tariffs?

5. Which of the following sectors is NOT explicitly mentioned as being severely affected by the new US tariffs?

6. According to the Global Trade Research Initiative (GTRI), by how much could India's exports to the US decline in FY2026 if the tariffs remain in place, compared to FY2025?

7. In the worst-case scenario, how much could India's GDP growth be reduced due to the new tariffs, according to GTRI analysts?

8. On August 26, 2025, how many points did the Sensex tumble in response to the tariff news?

9. What was the closing value of the Indian Rupee against the US dollar on August 26, 2025?

10. Who is the current Governor of the Reserve Bank of India, as mentioned in the text, who stated the central bank is ready to implement policy measures?

11. Which of the following product categories is explicitly mentioned as being exempt from the new US tariffs?

12. To be exempt from the additional duty, shipments that left India before August 27, 2025, must be cleared in the US before which date?

13. Which of the following sectoral indices on the NSE was the ONLY one NOT to decline on August 26, 2025?

14. Apart from considering fiscal support, what is the Indian government urging exporters to do in response to the tariffs?

15. What percentage of India's total exports to the US is projected to be hit by the new tariffs?

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