"Because of this, I will be substantially raising the Tariff paid by India to the USA," said President Trump, without providing any details as to what the new tariff would be, and ignoring that India doesn't pay the tariffs, the importing company does. On July 29, a report revealed that India and the United States had yet to reach a trade agreement, meaning that imports from India, such as iPhones, would be subject to a 25% tariff, up from the previous 10%, and less than 3% before the tariff saga began in April. In response to President Trump's latest threat, the Indian government said it would "take all necessary measures to safeguard its national interests and economic security," adding that "the targeting of India is unjustified and unreasonable."
Author: Marko Zivkovic
Published at: 2025-08-04 22:21:04
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