Will Take All Steps to Secure National Interest: India on Trump's Tariff Threat - The Statesman
INDIA, JUL 30 – India pledges to protect farmers and small businesses while continuing trade talks as US tariffs of 25% plus penalties begin August 1, with exports to US at 4% of GDP.
- Starting August 1, 2025, the United States will impose a 25 percent tariff along with additional penalties on goods imported from India, as declared by President Donald Trump.
- The tariff followed earlier trade tensions and was delayed from July 9 to August 1 after trade talks involving the US and other countries.
- Trump justified the tariffs by citing a large US trade deficit with India and India’s purchases of Russian oil and military equipment amid the Ukraine conflict.
- Trump criticized India for imposing some of the steepest tariffs globally and referred to their trade restrictions as particularly severe and objectionable.
- India confirmed ongoing trade negotiations with the US to reach a fair agreement and vowed to protect national interests including farmers, entrepreneurs, and MSMEs.
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Will take all steps to secure national interest: India on Trump's tariff threat - The Statesman
After US President Donald Trump announced a 25 per cent tariff, with penalty, on Indian imports starting August 1, India said it has taken note of the statement and will take all steps necessary to secure the national interest.
Will take all necessary steps to secure India's interest: Govt after Trump slaps 25% tariffs
In a statement, the government said that India and the United States have been engaged in negotiations 'on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months '.
·India
Read Full ArticleWill secure national interest: India on Trump's 25% tariff announcement
India said that while opening up its markets to foreign players, it remains sensitive to safeguarding the interests of domestic players, citing the recently concluded Free Trade Agreement signed with the UK.
·India
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Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
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50% Right
L 33%
C 17%
R 50%
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