Trump slaps 25% tariff on India plus penalty, cites Russia business, trade barriers
US President Donald Trump announced a 25% trade tariff on India, set to begin on the 1st of August. The announcement comes after prolonged negotiations between the two countries. In a statement, Trump said, “India will therefore be paying a tariff of 25%.” He cited India’s high tariffs, non-monetary trade barriers, and its significant military…