Donald Trump announces 25% tariff, plus a penalty on India from Aug 1

Donald Trump said that India will pay a penalty over and above the decided 25% for its trade with Russia despite the ongoing Ukraine war

Hindustan Times – US President Donald Trump on Wednesday announced that “friend” India will be paying a 25 per cent tariff from August 1. He also noted that New Delhi will have to pay additional penalty due to its oil and military purchase from Russia in the face of the ongoing war in Ukraine.

In a post on Truth Social, Trump noted that despite being friends, India and US have done relatively little business.

“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,” he wrote.

The US President added, “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. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!”

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