Trump Imposes 25% Tariff on India Amid Trade Deal Stalemate
US President Donald Trump has declared a 25% tariff on India effective August 1, amid tough bilateral trade negotiations. Criticizing India's trade barriers and Russia-centric procurement, Trump cited a significant trade deficit. A US delegation will soon visit India for further trade discussions.
- Country:
- United States
In a significant move, US President Donald Trump has announced a 25% tariff on Indian imports starting August 1, citing high tariffs and trade barriers as the primary reasons. This development emerges amidst challenging bilateral trade negotiations between the two nations.
Trump noted India's substantial procurement of Russian military equipment and energy, asserting that these actions continue despite global calls for Russia to cease its activities in Ukraine. He expressed concern over India's trade practices, stressing a large trade deficit as a driving factor for the new tariffs.
While India has yet to officially respond, a US delegation is set to visit next month to further negotiate a trade agreement. The recent round of talks concluded without resolution, but discussions will continue, involving key representatives from both nations.
ALSO READ
-
Japanese Lawmakers Visit India to See Worker Protection and Skills Projects in Action
-
Indian Unions Push for Fair Recruitment and Rights for Care Workers in Germany
-
Cleaner Kitchens, Polluted Skies: Hidden Health Cost of India’s Electricity Boom
-
Japan-Backed ILO Projects Help 23,000 Workers Gain Rights and Fight Child Labour
-
Lee Jae Myung's Diplomatic Milestones: Balancing Amidst Global Tensions
Google News