Trump slaps 25% tariffs on ‘friend’ India, plus ‘penalty’ for ‘buying Russian oil, military equipment’
US President Donald Trump has announced a 25 percent tariff on India from Aug 1, amid signs of some stalemate in the ongoing negotiations between the two countries on a bilateral trade deal. Trump, announcing the tariff, listed India’s high tariffs, its procurement of “the vast majority” of military equipment and energy from Russia, as well as “obnoxious non-monetary trade barriers”.
India will be paying a “tariff of 25 percent plus a penalty” from August 1, he said, adding “we have a massive trade deficit with India”. The US President, in a social media post, however, described India as a “friend“. While India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the “highest” in the world, and they have the “most strenuous and obnoxious” non-monetary trade barriers, he said.
Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of energy along with China, at a time when everyone wants Russia to stop the killing in Ukraine, he said. “All things not good! India will therefore be paying a tariff of 25 percent plus a penalty for the above starting on August 1,” the US president said.
There is no immediate reaction from India to Trump’s announcement. A team from the US is scheduled to visit India next month for the next round of negotiations for the proposed bilateral trade agreement. India and the US teams concluded the fifth round of talks for the agreement last week in Washington.
India’s chief negotiator and special secretary in the Department of Commerce, Rajesh Agrawal, and Assistant US Trade Representative for South and Central Asia, Brendan Lynch, held the deliberations.
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USA can now no longer preach “democracy” to the world.
USA sides & sleeps with terrorists & Dictators.
USA has lost a great opportunity to set a precedent, but it choose to throw it away.
USA proved it would get sold to the highest bidder and is worse than Porkistan in terms of moral values
USA has backstabbed India & Modi. NRIs & Modi sided with Stump in elections & he put a dagger in our neck. To say it is national interest is a way to hide oneself.
India will emerge stronger & USA & West will see the dark future