US to impose 25% tariffs on imports from India starting August 1
Nazrin Abdul
Read moreThe United States will implement a 25% customs tariff on products imported from India, effective August 1.
This announcement was made by U.S. President Donald Trump, Azernews reports.
Despite being allies, President Trump highlighted in a post on "Truth Social" that trade between the two countries has been relatively limited over the years due to India’s high tariffs—among the highest in the world—and stringent non-tariff trade barriers. He described India’s trade regulations as some of the toughest and least favorable globally.
Previously, many Indian products faced tariffs ranging from 0% up to about 10% under normal trade terms with the U.S. However, Trump’s new 25% tariff represents a significant increase, aimed at addressing long-standing trade imbalances.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!