Trump Imposes 25 Percent Tariff on India Plus Unspecified Penalty

President Donald Trump said on July 30 that the United States will impose a 25 percent tariff on Indian goods beginning Aug. 1, along with additional unspecified penalties, citing the country’s high trade barriers and continued reliance on Russian energy and arms. The announcement, made in a Truth Social post, describes India’s tariffs as “among the highest in the world,” with Trump adding that the extra penalties would address New Delhi’s military and energy ties to Moscow amid the war in Ukraine. “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....