US to Impose 25% Tariff on Indian Imports From Aug 1, Says Trump

President Donald Trump said on July 30 that the US will impose a 25 per cent tariff on goods imported from India starting on Aug 1.

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WASHINGTON –

He said India, which has the world's fifth-largest economy, will also face an unspecified penalty on Aug 1, but did not elaborate on the amount or what it was for.

"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," Mr Trump wrote in a Truth Social post.

"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!"