US President Trump announces 25 per cent plus tariff on India from Aug 1
WASHINGTON, Jul 30 (PTI): US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1.
Trump, describing India as a “friend”, said the US has done relatively “little business” with the country because of its high tariffs.
India’s tariffs are far too high, and they have the “most strenuous” and “obnoxious non-monetary trade barriers”, he said in a social media post.
India will be paying 25 per cent plus penalty starting August 1.
