President of the United States have hit India with a 25% import tariff citing India’s relationship with Russia as a major reason for the increase
Donald trump made the announcement on his Truth Social platform that India has been purchasing arms and energy from Russia in a time when the world wants Russia to stop its war on Ukraine
The US will impose 25% tariffs on goods imported from India “plus an unspecified penalty” for buying Russian oil and weapons, President Trump said.
Trump also said the measures would take effect from August 1, the US deadline for a trade deal. He described India as a friend whose “tariffs are far too high, among the highest in the world”.
India in response has said it was studying the implications of Trump’s statement and is committed to “concluding a fair, balanced and mutually beneficial bilateral trade agreement”.
Last year, the US had a trade deficit of $45.8bn (£26.1bn) with India.
