America will impose 25% tariff on India, Donald Trump’s big announcement. US President Donald Trump on Wednesday announced to impose 25% tariff on India from August 1. He posted on social media that India is buying weapons and oil from Russia, so a fine will also be imposed on it.
Trump said in another post that India’s trade deficit with the US is very high, so they are imposing tariff on Indian goods. Donald Trump had said on July 17 that soon American products will get access to the Indian markets. Like the Indonesia formula, zero tariff will be imposed on American products in India as well.
Trump had said – We have made agreements with many countries. We are going to have another agreement, probably with India. We are talking. When I send the letter, that agreement will be done.
Trump had imposed 19% tariff on Indonesia on July 15. From August 1, 19% tariff will be imposed on goods going from Indonesia to America. At the same time, there will be no tariff on American goods in Indonesia.
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