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30-07-2025, 11:28 PM
https://www.cnbc.com/2025/07/30/trump-in...trade.html
Trump announces 25% tariff on India plus ‘penalty’ for trade with Russia
Key Points
President Donald Trump said that India will have a 25% tariff beginning Aug. 1.
He also said that the key trading partner will face an additional “penalty,” but did not specify what that might mean.
“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 wrote on Truth Social.
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Trump announces 25% tariff on India plus ‘penalty’ for trade with Russia
Key Points
President Donald Trump said that India will have a 25% tariff beginning Aug. 1.
He also said that the key trading partner will face an additional “penalty,” but did not specify what that might mean.
“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 wrote on Truth Social.
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