Trump's 25% Tariff: US-India Trade Turbulence
US President Donald Trump has imposed a 25% tariff on Indian goods, sparking concerns over future trade relations. This move occurs amid US-India negotiations and Trump's criticism of India's ties with Russia. The tariffs affect significant sectors of Indian exports but exclude certain goods like pharmaceuticals.
Devdiscourse News Desk | Washington DC | Updated: 01-08-2025 19:59 IST | Created: 01-08-2025 19:59 IST
- Country:
- United States
In a bold move signaling a shift towards protectionism, US President Donald Trump has unveiled a sweeping 25% tariff on Indian goods, a decision likely to create significant ripples in global trade.
The tariff, part of an executive order impacting over five dozen countries, coincides with ongoing US-India trade negotiations and follows Trump's vocal criticism of India's trading relationship with Russia.
Despite potential setbacks, India's Ministry of External Affairs remains optimistic about the enduring strength of US-India relations, based on shared interests and values.
(With inputs from agencies.)
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- Trump
- tariff
- India
- trade
- relations
- US
- protectionism
- Russia
- negotiations
- economy
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