Trump Announces 25% Tariff On India

Whatever Donald Trump is doing now is being debated a lot in the world media. After Trump levied heavy penalties and tariffs on other countries, he set his focus on India today. Effective from August 1st, India has to pay a tariff of 25 percent, which Trump announced today. Additionally, Trump wanted India to pay a penalty for purchasing oil and military equipment from Russia.

“Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,” he wrote.

The US President added, “Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!”

Last week, US Senator Lindsey Graham had already warned about Trump’s idea to impose heavy tarrifs on countries that purchase oil from Russia.