President Trump said he would pose an additional penalty on India for its trade relations with Russia, which Trump is trying to pressure over its war with Ukraine.
President Trump on Wednesday said that the United States will begin imposing 25% tariffs on goods imported from India on Aug. 1.
In a Truth Social post, Trump said that while India is a friend of the U.S., „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.“
Trump also said he would impose an additional penalty on India for its trade relationship with Russia, which Trump is trying to pressure to come to a ceasefire with Ukraine. Trump did not elaborate on what that penalty would be or if it would also go into effect on Friday.
Trump’s announcement came after five rounds of trade negotiations have yet to yield a result, dashing hopes that a deal could be concluded by Aug. 1. Indian media reported Tuesday that U.S. officials were expected to visit New Delhi for the sixth round in late August.
The U.S. is India’s top export market. Its top products sold to the U.S. include electronics like iPhones, cheap medicines and precious stones. Last year, U.S. goods trade with India was nearly $130 billion, according to USTR. The U.S. goods trade deficit with India was $45.7 billion in 2024. Trump has blamed India’s high tariffs on imports for the trade deficit.
