Overview

• President Donald Trump announced that imports from India will face a 25% tariff and an unspecified penalty starting August 1 after negotiations over a bilateral trade deal stalled.
• Trump cited India’s high import tariffs, stringent non-monetary trade barriers and significant purchases of Russian arms and energy as justification for the measures.
• India’s Commerce Ministry said it is reviewing the announcement, reaffirming its commitment to a fair and balanced trade agreement that protects farmers and small businesses.
• The new duties form part of a broader reciprocal-tariff campaign that has yielded preliminary agreements at lower rates with the EU, Japan, Vietnam and the UK ahead of reciprocal deadlines.
• Separately, Taiwan’s president has postponed planned US stopovers to avoid complicating parallel US–China trade talks, which face a truce deadline of August 12.