USA imposes 25% tariffs on India 

The US President Donald Trump has said his country will impose a duty of 25% along with a penalty on the export of goods from India from August 1.

At a time when India is positioning itself as a hub for global manufacturing and presenting as an alternative to China, US President Donald Trump of Wednesday ended weeks of suspense over how much tariffs American would impose on Indian imports.

Announcing 25 per cent tariffs and a “penalty” for buying Russian oil and arms, Trump said, “They (India) have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD!” 

He also mentioned India's “far too high” tariffs for the US as he explained his rationale behind slapping the tariffs against India. Trump's announcement came just two days before August 1, his reciprocal tariff deadline. Trump said the tariffs announced for India will come into force on that day.