Trump imposes 25% tariff on `friend’ India; check how it impacts economy
Tariffs are taxes imposed on goods imported from foreign countries
By Newsmeter Network
United States: US President Donald Trump announced a 25 percent tariff on India, to be effective from August 1.
What are the key factors?
1. The tariff does not include penalties related to India’s energy and defence ties with Russia.
2. A separate, unspecified penalty will apply for India's continued purchase of Russian oil and weapons (Russia accounts for ~37% of India’s oil imports).
3. Tariffs are taxes imposed on goods imported from foreign countries.
4. India is not the only target—Trump also imposed a 50% tariff on most Brazilian goods, excluding sectors like aircraft, energy, and orange juice.
5. Trump criticized India’s trade practices, stating India has "some of the highest tariffs and most obnoxious non-monetary trade barriers" globally (via Truth Social).
7. Despite the tariffs, Trump stated the US will continue trade talks with New Delhi.
8. The move could impact key Indian export sectors, including textiles, auto components, leather, gems & jewellery, and select food items.
9. India’s Ministry of Commerce & Industry said it is reviewing the tariff impact and will take all necessary steps to protect national interests.
