Trump Imposes 25 Percent Tariff on India Plus Unspecified Penalty

Contact Your Elected Officials

The move comes after months of talks, with Trump citing steep Indian tariffs and the countryโ€™s close ties to Russia amid the Ukraine war.

President Donald Trump said on July 30 that the United States will impose a 25 percent tariff on Indian goods beginning on Aug. 1, along with additional unspecified penalties, citing the countryโ€™s high trade barriers and continued reliance on Russian energy and arms.

The announcement, made in a Truth Social post, describes Indiaโ€™s tariffs as โ€œamong the highest in the world,โ€ and Trump said the extra penalties would address New Delhiโ€™s military and energy ties to Moscow amid the war in Ukraine.

โ€œRemember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high … and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,โ€ he wrote.

Trump noted that India is among the largest buyers of Russian energy, providing Moscow with resources to continue its aggression against Kyiv.

The president teased the tariff move in remarks to reporters on July 29 on Air Force One, saying that India โ€œhas been a good friendโ€ to the United States but that the country has charged โ€œbasically more tariffs than any other country.โ€

Although Trump has repeatedly urged India to allow more U.S. exports, talks were bogged down over agricultural and dairy products in particular, as India resisted any move to open those sectors.

According to the latest trade barrier report from the Office of the U.S. Trade Representative, Indiaโ€™s tariff rates can average more than 113โ€ฏpercent and reach 300โ€ฏpercent on sensitive agricultural lines. Applied rates on farm goods average about 39โ€ฏpercent, and the United States has also flagged nontariff barriers such as strict dairy import certifications, nonโ€‘GMO mandates, and burdensome customs procedures that complicate market access for U.S. exporters.

โ€œIndia has considerable flexibility to change tariff rates for both agricultural and non-agricultural products at any time, creating tremendous uncertainty for U.S. workers, farmers, ranchers, and exporters,โ€ the report reads.

By Tom Ozimek

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Earned vs. Owed

Not since the Donner Party has a group of people so badly misinterpreted the circumstances of their situation like the players of the WNBA.

Just How American are Americaโ€™s Elite Schools?

Their exteriors may be ivy clad, but that faรงade on Americaโ€™s elite universities cloaks secrecy, power politics and globalist attitudes as well.

Multiple Democrats Playing Defense

There is a news situation going on that is...

TOTAL ROT: Consultant Brain and Horserace Politics Have Wrecked Political Discourse

Is feeding at the trough of government graft the goal of politics, or is it the optimal administration of the state? The answer depends on whom you ask.

Media Ignore Trump Successes To Focus On Epstein

Despite President Trump's amazing successes, the media refuse to give credit to the Trump and are continuing to focus on the โ€œEpstein files.โ€

Declassified Durham Report Annex Sheds New Light on Origins of Russia Probe: Grassley

Sen. Grassley released declassified annex to John Durhamโ€™s 2023 report into FBIโ€™s investigation into allegations of Trump campaignโ€“Russia ties.

Appeals Court Hears Arguments Over Whether to Block Trumpโ€™s Tariffs

Multiple judges on an appeals court questioned whether a decades-old law Trump invoked had provided him the authority on tariffs he said it did.

State Department Sanctions Palestinian Authority Officials, PLO Members

US State Dept imposed sanctions on Palestinian Authority officials and members of the PLO as U.S. officials arrived in Israel for more cease-fire talks.

Weekly Jobless Claims Remain Near 3-Month Low

According to the Dept of Labor, initial jobless claims rose by 1,000, to 218,000 for the week ended July 26, remaining close to a three-month low.

Bessent Says Trump Accounts for Kids Are Backdoor โ€˜For Privatizing Social Securityโ€™

Treasury Sec Scott Bessent said Trump Accounts are โ€œa back door for privatizing Social Security,โ€ but the admin is committed to protecting Social Security.

Trump Says Canadaโ€™s Backing of Palestinian Statehood Threatens US Trade Deal

President Trump said it would be โ€œvery hardโ€ to reach a trade agreement with Canada after PM Carney announced plans to recognize a Palestinian state.

White House Launches Health Information Sharing Initiative

Making Health Technology Great Again centers on giving patients full access to their own health records and making the data useful for both doctors and patients in managing disease.

Trump Announces Trade Deal With South Korea

President Trump announced US reached a trade agreement with South Korea, one of the largest U.S. trading partners in a strategically important region.
spot_img

Related Articles