Trump to hit India with 25% tariffs - plus 'penalty' for trade with Russia

The US president said the measures would take effect from from 1 August, the US deadline for a trade deal.
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Posting on his Truth Social platform, he said the measures would take effect from 1 August, the US deadline for a trade deal. He described India as a friend whose "tariffs are far too high, among the highest in the world".
He also criticised India's purchases of Russian military equipment and energy "when everyone wants Russia to STOP THE KILLING IN UKRAINE".
India said it was committed to "concluding a fair, balanced and mutually beneficial bilateral trade agreement". Last year, the US had a trade deficit of $45.8bn (£26.1bn) with India.
Trump on the 25% tariffs set to hit goods from IndiaBack in April, Trump had announced tariffs of up to 27% on Indian goods, which were later paused. This Friday is the latest deadline for India and other countries to either reach a trade agreement or face increased tariffs.
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