Donald Trump stated that India will be subject to a 25% tariff and penalties, effective August 1st. He cited India’s high tariffs, trade barriers, and its significant purchases of Russian military equipment and energy as the reasons for these measures. Trump highlighted that India is one of Russia’s largest energy buyers alongside China, a situation he deemed unfavorable given the global efforts to stop the conflict in Ukraine.
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India to Face US Tariffs and Penalties: Trump’s Statement
