Trump's Tariff Tactics: Frustration in U.S.-India Trade Talks

U.S. President Donald Trump is expressing frustration with the current state of trade discussions with India. In response to the slow progress, Trump plans to impose a 25% tariff on goods imported from India, according to White House economic adviser Kevin Hassett.

Hassett, speaking at the White House, stated that both President Trump and U.S. Trade Representative Jamieson Greer are expected to release more information about this new tariff policy soon. Trump believes that the tariff will effectively address the stalled negotiations with India and positively impact the American economy.

On Truth Social, Trump announced that the 25% tariff would begin on August 1, mentioning an additional unspecified penalty slated to start on Friday. However, further details have yet to be disclosed about these measures targeting the world's fifth-largest economy.

(With inputs from agencies.)