India-US trade deal: Donald Trump announces 25% tariff on India, plus penalty for buying energy and arms from Russia

Last Updated On August 2, 2025 12:42 PM by Ananya

India-US trade deal: US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 ‘Liberation Day’ conference.

Donald Trump plans Allowed Duty Free Entry of about 2000 Products into the US

Last Updated On March 5, 2019 9:44 AM by Neal Bhai

US President Donald Trump delivered notice Monday he plans to end key trade preferences for India and Turkey. Trump notified Congress in letters of his “intent to terminate” trade benefits for both countries under the generalized system of preferences.

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