Trump Announces 25% Tariff on Indian Imports
President Donald Trump declared a 25% tariff on Indian imports effective August 1, citing India's high tariffs and obstructive trade barriers. While acknowledging India as a friend, Trump criticized the nation's trade policies as among the most restrictive worldwide, hampering significant U.S.-India business relations.
- Country:
- United States
In a move set to impact bilateral trade, U.S. President Donald Trump announced on Wednesday the imposition of a 25% tariff on goods imported from India, beginning August 1. The decision underscores ongoing trade tensions between the two nations.
Despite referring to India as a friend, President Trump expressed dissatisfaction over the limited business engagements due to India's high tariffs. According to Trump, these tariffs are some of the highest in the world.
He further criticized India for its stringent non-monetary trade barriers, calling them the most challenging globally, a sentiment he shared through a post on Truth Social. This announcement could reshape the trade landscape between the U.S. and India.
ALSO READ
-
Steelbird Hi-Tech India Expands Exclusive Rider Shop Network in Karnataka with New Outlet in Sumiti Nagar
-
From Shake to Safe: Seismic Academy's Fifth Annual Conference Puts Structural Resilience at the Centre
-
"People stand with PM Modi, NDA": Karnataka LoP dismisses Congress' "vote chori" narrative after Council clean sweep
-
Domestic investors drive 85% of India's real estate PE inflows as investment falls 31% in Jan-Sept: Report
-
ADMM-Plus: Rajnath Singh holds bilateral talks with Japanese counterpart Shinjiro Koizumi in Cebu
Google News