Mumbai, July 31 -- The Federation of Indian Chambers of Commerce and Industry (FICCI) has voiced strong disappointment over the United States' recent decision to impose a 25% tariff and secondary sanctions on exports from India, effective from August 1, 2025. The announcement, made by US President Donald Trump, has sparked concern among Indian exporters, with FICCI warning that the move could have a significant impact on bilateral trade.

Harsha Vardhan Agarwal, President of FICCI, said: "FICCI is disappointed by the decision taken by the US to levy a 25% tariff on exports from India and impose secondary sanctions. While this move is unfortunate and will have a clear bearing on our exports, we hope that this imposition of higher tariffs w...