President Donald Trump has declared a 25% tariff on India beginning August 1st, due to significant tariffs and non-monetary trade barriers that he believes hinder U.S.-India trade relations.
Trump argues that India imposes some of the world's highest tariffs and maintains complex non-monetary trade barriers. This stance has limited trade between the two nations despite their friendship.
Source: aajtak
A 25% Tariff by August 1st - Trump
Trump further criticized India's reliance on Russian military equipment and energy, noting this occurs as global pressure mounts on Russia over Ukraine. He emphasized that from August 1st, India would face a 25% tariff and accompanying penalties, reiterating, "MAGA!" (Make America Great Again).
Tariff Announcement and Extension
Originally set to take effect in May, Trump's tariff applies globally from August 1st. Announced earlier but extended from May to encompass a wider scope, it now impacts India significantly, starting a new era in trade relations.
Source: aajtak
The final deadline of August 1st marks a crucial point, with Trump affirming this date won't be postponed. He called it a 'great day for America' in his posts, signaling a new trade approach.
