Donald Trump announced the US is nearing a trade agreement with India, alongside deals with the UK and China. Tariff letters, outlining reciprocal rates effective August 1, 2025, were issued to various trading partners. New 25% tariffs were imposed on Japan and South Korea, with warnings of reverting to higher April rates if deals aren’t finalized soon. Donald Trump announced the US is nearing a trade agreement with India, alongside deals with the UK and China. Tariff letters, outlining reciprocal rates effective August 1, 2025, were issued to various trading partners. New 25% tariffs were imposed on Japan and South Korea, with warnings of reverting to higher April rates if deals aren’t finalized soon.
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India-US trade: ‘Close to making a deal with India,’ says Donald Trump
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