Trump announces 25% tariffs on India over ties to Russia
Former President Donald Trump announced on Wednesday that he will impose a 25% tariff on imports from India starting August 1. This decision is primarily a response to India continuing to import energy and military equipment from Russia amid the ongoing conflict in Ukraine. Trump emphasized that although India is considered a friend, the country has historically maintained high tariffs and strict non-monetary trade barriers, limiting business between the two nations. He also criticized India’s meaningful purchases of Russian military gear and energy, labeling these actions as detrimental and announcing the tariffs as both a penalty and a trade measure. Despite this, Trump previously acknowledged Indian Prime Minister Narendra Modi as a good friend.
Trump announces 25% tariffs on India over ties to Russia
President Donald Trump on Wednesday morning announced he is authorizing 25% tariffs on India to take effect Aug. 1 due to the country’s importing Russian energy and military equipment.
“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,” the president said in a post to Truth Social.
“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 FIRST,” he continued.
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Trump previously teased the tariffs on Tuesday, despite characterizing Indian Prime Minister Narendra Modi as a good friend.
“I think so,” Trump said when asked to confirm reports that India’s tariffs could range between 20% and 25%. “India has been a good friend, but India has charged, basically, more tariffs than almost any other country. You know that, right?”
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