Challenging times have arrived for India. According to US President Donald Trump, a 25% tariff was imposed on goods from New Delhi starting August 1. Once again, tariffs take center stage, an issue the White House cannot seem to let go.
President Trump introduced these trade barriers in response to India’s cooperation with Russia and the country's retaliatory tariffs. As a result, US import duties will apply to all goods coming from India.
“India will therefore be paying a tariff of 25%, plus a penalty for the above, starting on August first,” the US president declared.
According to him, American business with New Delhi has remained relatively limited for many years. Trump attributes this to what he described as “increasingly burdensome import-quality requirements” compared to other nations.
Previously, Brazil, which is also facing US tariffs of 50% starting August 1, opted for retaliatory measures. The Brazilian government suspended concessions for American companies, along with investments and commitments related to intellectual property rights. President Luiz Inácio Lula da Silva stated that Brazil will not regret its decision and will seek new trade partners that do not issue ultimatums.
