President Trump Announces 25% Tariff on India Starting August 1st, 2025
On Wednesday, July 30th, President Trump announced that the United States will impose a 25% tariff on goods imported from India starting on August 1st, 2025. Additionally, Trump also said that India will face an additional “penalty” for its ongoing trade with Russia.
U.S. and Indian trade negotiators have held multiple rounds of discussions to resolve contentious issues, particularly over market access for American agricultural and dairy products. Despite progress in some areas, Indian officials resisted opening the domestic market to imports of wheat, corn, rice, and genetically modified soybeans, citing risks to the livelihood of millions of Indian farmers. The new tariffs are expected to impact India’s goods exports to the U.S., estimated at around $87 billion in 2024, including labour-intensive products such as garments, pharmaceuticals, gems and jewelry, and petrochemicals.
Read more:
Reuters: https://www.reuters.com/world/india/trump-says-us-impose-25-tariff-india-august-1-2025-07-30/
CNBC: https://www.cnbc.com/2025/07/30/trump-india-tariff-trade.html
