The US president has announced a 25% levy and additional penalties on New Delhi for its continued partnership with Moscow
US President Donald Trump has announced that India will face 25% tariffs and additional penalties starting next month over its continued trade with Russia. The move comes after Trump gave Russia a ten-day deadline to reach a peace deal with Ukraine.
In a post on his Truth Social account on Wednesday, Trump stated that “India is our friend” but that the US does “relatively little business with them.” At the same time, he noted that India has continued to buy military equipment and energy from Russia amid the Ukraine conflict.
”All things not good! India will therefore be paying a tariff of 25%, plus a penalty for the above, starting on August first,” Trump wrote.
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