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Trump to hit India with 25% tariffs - plus 'penalty' for trade with Russia
India could face tariffs as high as 25% if it fails to finalise a trade deal with the US this week, President Donald Trump has said. "Yeah, I think so," he told reporters on Tuesday when asked whether Delhi would face higher tariffs in the absence of an agreement.
India-US Trade Deal: Trump slaps 25 per cent tariff on India from August 1, cites high trade barriers and Russia ties
The announcement was made via a post on Trump’s social media platform, Truth Social, where he said the United States has done “relatively little business” with India over the years due to what he termed as excessive tariffs and trade restrictions.
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