Trump's New Tariff Challenge: A 25% Hit on Indian Trade

US President Donald Trump announced a 25% tariff on Indian imports starting August 1, citing India's high tariffs and non-monetary trade barriers. Despite calling India a 'friend', Trump highlighted the low level of business between the countries due to these trade issues.

In a significant economic policy shift, US President Donald Trump has declared a 25% tariff on Indian imports effective from August 1. This decision comes despite Trump's characterization of India as a 'friend'.

Trump criticized India's existing tariffs as excessively high, impeding substantial business relations between the two nations. He also described India's non-monetary trade barriers as 'strenuous' and 'obnoxious'.

This new tariff policy signifies escalating trade tensions, with Trump asserting that these measures are necessary to address the trade imbalance with India.

(With inputs from agencies.)