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Dealbreaker from Trump?
Hindustan Times Ranchi
|July 31, 2025
The fallout of US tariffs on India will go far beyond trade, may impact strategic ties
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US President Donald Trump has unilaterally announced an end (to at least the current chapter) of the ongoing Indo-US trade deal negotiations, with the deadline of August 1 looming large.
India, Trump said in a post on Truth Social, will face 25% tariffs and a “penalty” for buying energy from Russia. The details of what this penalty will be have not been spelt out yet. Even if the penalty is more than 1%, India will be facing a higher tariff than what Trump announced on April 2. With the caveat that this may well be just another deal-closing tactic, and that India will be able to talk or buy its way out, what does this entail for the Indian economy and Indo-US relations?
This story is from the July 31, 2025 edition of Hindustan Times Ranchi.
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