President Donald Trump says the US will impose 25% tariffs on goods imported from India “plus an unspecified penalty” for buying Russian oil and weapons.
Posted on Trump’s Truth Social platform, the US President highlighted that the measures would take effect from 1 August 2025, which is the US deadline for a trade deal. Trump stated that India is a friend whose “tariffs are far too high, among the highest in the world.”
Trump further criticised India’s procurement of Russian military equipment and energy, “when everyone wants Russia to STOP THE KILLING IN UKRAINE”.
However, since April this year, India and the US have been negotiating an agreement, which hasn’t been fruitful.
Meanwhile, India says that its government was studying the implications of Trump’s remarks and hoped that the bilateral trade agreement would be concluded fairly.
Source: BBC
