Overview

• President Trump wrote on Truth Social that India offered to cut its tariffs to zero but said the proposal arrived too late.
• The administration recently raised U.S. tariffs on Indian exports by 25% and then added another 25%, reaching up to 50% in some cases.
• Trump characterized the trade relationship as one-sided, arguing India sells heavily into the U.S. market while buying relatively little in return.
• He pointed to India’s buying of oil and military products from Russia as part of the rationale for the punitive measures.
• Trump’s comments coincided with the SCO summit in Tianjin, where Narendra Modi met Xi Jinping and both leaders publicly emphasized cooperation.