New Delhi, July 30: The US will impose 25% tariffs on goods imported from India "plus an unspecified penalty" for buying Russian energy and weapons, President Trump has said.
In a post on his Truth Social platform, he said the measures would take effect from from 1 August, the US deadline for a trade deal. He described India as a friend whose "tariffs are far too high, among the highest in the world".
Trump also criticised India's purchases of Russian military equipment and energy while the USSR continues war with Ukraine.
There was no immediate response from India, which has been negotiating a trade deal with the US for months. Last year, the US had a trade deficit of $45.8bn (£26.1bn) with India.
Back in April, Trump had announced tariffs of up to 27% on Indian goods, which were later paused. This Friday is the latest deadline for India and other countries to either reach a trade agreement or face increased tariffs.
On the other hand, the Government of India has taken note of the statement by the US President on bilateral trade.
The Government has taken note of a statement by the US President on bilateral trade. The Government is studying its implications: Government of India
— DD News (@DDNewslive) July 30, 2025
"India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade… pic.twitter.com/Kz9pOjgtEi
The government said,its implications are minutely studied. The government will take all steps necessary to secure the national interest.
"India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective. The Government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs. The Government will take all steps necessary to secure our national interest, as has been the case with other trade agreements including the latest Comprehensive Economic and Trade Agreement with the UK.", said a statement issued by the government of India in this connection.
