US Edition
Trump threatens India with tariffs as high as 25%
UNITED STATES, AUG 3 – US threatens 20-25% tariffs on Indian imports starting August 1 amid stalled trade talks over tariffs and sensitive sectors, with India maintaining firm negotiating positions.
- President Donald Trump warns that imports from India may face tariffs of 20 to 25 percent as trade negotiations are incomplete, stating, "India has charged basically more tariffs than almost any other country".
- U.S. Trade Representative Jamieson Greer indicated that additional time is needed for negotiations, focusing on evaluating India's market readiness for American exports.
- In response to the potential tariffs, India has started identifying trade concessions to offer during upcoming negotiations with the U.S..
- The U.S. Labor Department revealed that the manufacturing sector lost 11,000 jobs, and the unemployment rate rose to 4.2%, while Trump's tariff policies aimed to boost the economy.
130 Articles
130 Articles
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