US announces 25% tariff plus penalty on India; govt says it's studying implications
In a social media post, US President Donald Trump cites 'high' tariffs and India's military and energy purchases from Russia as reasons
US President Donald Trump on Wednesday (July 30) announced 25 per cent tariffs on India starting August 1.
"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,” stated Trump in a post on Truth Social, his social media platform.
“Also, they 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! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST 1st. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!,” he added.
How India reacted
The Centre responded, saying it's studying the implications of US President Donald Trump's announcement to impose 25 percent tariffs on Indian goods. "The government has taken note of a statement by the US President on bilateral trade. The government is studying its implications," an official statement said.
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