On July 30 (local time), US President Donald Trump announced via social media that starting Aug. 1, a 25% tariff would be imposed on Indian goods exported to the US. Additionally, punitive measures would target India's purchase of Russian weapons and energy products.
In a post on his self-founded social media platform, Truth Social, Trump stated: "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country."
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Tag:·Donald Trump· tariff on India· US-India trade· 25% tariff
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