Trump indicates India may have to pay 20-25% tariffs

India is making efforts for the US to defer the August 1 deadline for imposing reciprocal tariffs on over $86 billion worth of Indian exports, officials aware of the matter said on Tuesday, even as President Donald Trump indicated New Delhi could face levies of 20% to 25%.

- Rajeev Jayaswal and Shashank Mattoo [e-mail]

Trump's comments are likely to intensify India’s push for more time with the next round of negotiations scheduled for August 25 in New Delhi.

“I think so,” Trump told reporters aboard Air Force One when asked if a possible tariff rate for India was in the 20-25% range. “India has been a good friend, but India has charged basically more tariffs than

almost any other country. You just can’t do that.”