Daily Current Affairs / Trump Announces 25% Tariff and Additional Penalties on Indian Imports Over Ties With Russia:
Category : Business and economics Published on: August 01 2025
Former U.S. President Donald Trump announced that the U.S. will impose a 25% tariff and additional penalties on imports from India beginning August 1, 2025. The decision, shared via his Truth Social post, is a response to India's alleged high trade barriers and its continued energy and defense ties with Russia.