Trump says imposing 25% tariff on Indian imports
The Peninsula
Washington: US President Donald Trump said Wednesday that imports fromIndiawill face 25 percent tariffs, while also announcing an unspecified penalty...
Washington: US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified "penalty" for New Delhi's purchases of Russian weapons and energy.
The measures will kick in on Friday, Trump posted on his Truth Social platform.
"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," Trump said.
He also posted in an all-caps message that the United States has a "massive" trade deficit with India.
He added that India has "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."
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