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News in English (USA) / 30.07.2025 / 15:00

Trump Announces 25% Tariff on India with Potential Penalties for Trade with Russia

In a recent statement, President Trump announced a 25% tariff on imports from India, set to take effect on August 1. This decision comes amid ongoing trade negotiations, where Trump has also indicated possible penalties for India related to its trade with Russia, particularly concerning military equipment and energy purchases. Despite efforts to finalize a trade deal, the deadline approaches with both sides yet to reach an agreement, raising concerns about the impact of these tariffs on future US-India trade relations.
Financial Times, CNBC, Times of India, USA Today, NBC News, Reuters, CNN, Bloomberg, BBC, The New York Times