Trump threatens India with tariffs as high as 25%
UNITED STATES, AUG 1 – The US aims to reduce a $45 billion trade deficit with India as talks continue amid stalled progress and looming 25% tariffs if no deal is finalized by August 1, officials said.
- President Donald Trump threatened to impose tariffs up to 25% on Indian imports if a trade deal is not reached by August 1, 2025.
- The threat follows months of negotiations aimed at reducing the U.S. trade deficit and opening India's markets to American goods, with talks ongoing but no final agreement.
- Both sides have engaged in five rounds of talks, with India making concessions on tariffs for some products, while Indian officials emphasize protecting sensitive agricultural sectors.
- Trump stated, "They are going to pay 25%," while U.S. Trade Representative Jamieson Greer noted the U.S. needs more time to gauge India’s willingness to open markets.
- If no agreement is finalized by the August 1 deadline, the U.S. intends to impose temporary reciprocal tariffs, while talks are set to continue when a U.S. delegation arrives in India later in August.
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115 Articles
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