US President Trump, frustrated with stalled trade negotiations with India, has announced a 25% tariff on Indian goods starting August 1st. This decision stems from concerns over India’s high tariffs, non-monetary trade barriers, and continued reliance on Russia for energy and military equipment. US President Trump, frustrated with stalled trade negotiations with India, has announced a 25% tariff on Indian goods starting August 1st. This decision stems from concerns over India’s high tariffs, non-monetary trade barriers, and continued reliance on Russia for energy and military equipment.
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‘Trump frustrated’: Is 25% tariff & ‘penalty’ a bid to pressure India on trade deal?
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