White House announces 25% tariff on India, releases list of levies for several countries

President Trump announced a 25% tariff on India, effective August 7th, citing trade imbalances and India’s ties with Russia, including military equipment and energy purchases. This action is part of a broader move imposing tariffs on nearly 70 nations, with rates varying from 10% to 40%. Trump also criticized India’s membership in BRICS, viewing it […]

The WTO reported a slowdown in global services trade growth to 5% in the first quarter of 2025, attributed to economic uncertainties and a strong US dollar. Asian economies, including China, India, and Japan, bucked the trend with double-digit export growth.

President Trump’s 25% tariff on Indian exports, effective August 1st, threatens sectors like gems, pharmaceuticals, textiles, and electronics. This move jeopardizes India’s preferential trade status despite earlier talks, impacting $129.2 billion in two-way trade. The tariffs could inflate costs, delay shipments, and pressure various industries, potentially forcing companies like Apple to reconsider sourcing strategies.

Donald Trump imposed a 25% tariff on India due to energy deals with Russia. This action complicates ongoing trade talks between the two nations. India is assessing the impact of these tariffs. The move could significantly affect India’s exports to the US. Both countries remain committed to pursuing a balanced trade agreement.

Donald Trump imposed tariffs on India. The tariffs impact sectors like electronics and pharmaceuticals. Gaurav Sansanwal of CSIS views this as a temporary negotiation tactic. New Delhi is expected to negotiate a resolution. Trump criticized India’s ties with Russia. Washington is using the Russia card for leverage. The Biden administration also acknowledged India’s unique relationship […]

“We are negotiating right now and it’s also BRICS. BRICS, which is basically a group of countries that are anti the United States and India is a member of that…It is an attack on the dollar and we are not going to let anybody attack the dollar. So it’s partially BRICS and it’s partially trade…We […]

President Trump has declared a 25% tariff on Indian goods and a penalty on Russian weapons and energy acquisitions. This action follows stalled trade negotiations due to disagreements over agricultural and dairy sector access. The new tariffs threaten India’s ambition to double bilateral trade with the US by 2030, impacting India’s largest export market.

Amidst trade negotiations, President Trump hinted at potential tariffs on India, despite acknowledging their friendly relations and ongoing trade discussions. He claimed India imposed higher tariffs than other nations, asserting his intention to address this.

With the US tariff deadline looming, uncertainty surrounds India’s potential tariff rate despite ongoing trade negotiations. President Trump indicated tariffs of 15-20% for nations lacking separate trade deals, prompting concerns about a global trade contraction. While talks continue, India remains firm on duty concessions, and experts caution against viewing tariffs as a permanent US trade […]

Donald Trump suggests India may face tariff rates of 20% to 25%. This comes as the US and India negotiate a trade deal before an August 1 deadline. Trump states India charges high tariffs. The US seeks greater market access for American exports. New Delhi anticipates these higher tariffs. Discussions are ongoing to assess India’s […]