US EditionIndia's First Remark as Trump Imposes 25% Tariffs: ‘Studying Implications, Taking Steps to Secure National Interest’
INDIA, JUL 30 – India prioritizes protecting farmers, entrepreneurs, and small businesses while studying the impact of US tariffs set to begin August 1, officials said.
- President Donald Trump announced a 25% tariff on imports from India beginning August 1, citing unfair trade practices and India’s ties with Russia.
- The Government of India said it will take all steps necessary to secure our national interest, as with other trade deals including the Comprehensive Economic and Trade Agreement with the UK.
- Since March, India and the US have negotiated a bilateral trade agreement aiming to grow trade from USD 191 billion to USD 500 billion by 2030, despite impacts on India's $8 billion textile export industry.
- Immediately, the tariffs dashed hopes of a limited trade agreement and sent ripples through boardrooms from Mumbai to Manhattan.
- Aiming to boost trade to USD 500 billion, US negotiators will visit India next month to conclude a bilateral trade agreement, with the government remaining hopeful.
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Government's first reaction on Trump Tariff announcement, said- "We will take every necessary step to protect the country's interests..."
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Leaning Left1Leaning Right6Center2Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
11%
C 22%
R 67%
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