Trump says India may pay 20% to 25% tariff but not yet final
Donald Trump
said that India may be hit with a tariff rate of 20% to 25% but cautioned the final levy had still not been finalized as the two countries negotiate on a trade deal ahead of an Aug. 1 deadline.
'I think so,' Trump told reporters Tuesday when asked if that was a possible tariff rate for New Delhi.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Design Thinking
PGDM
Project Management
Management
MCA
Data Science
Data Science
Leadership
Digital Marketing
Technology
Degree
Artificial Intelligence
Others
Operations Management
Cybersecurity
Finance
others
MBA
Public Policy
healthcare
Product Management
CXO
Data Analytics
Healthcare
Skills you'll gain:
Duration:
25 Weeks
IIM Kozhikode
CERT-IIMK PCP DTIM Async India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
22 Weeks
IIM Indore
CERT-IIMI DTAI Async India
Starts on
undefined
Get Details
'India has been a good friend, but India has charged basically more tariffs than almost any other country,' Trump said aboard Air Force One as he returned to Washington from a five-day visit to Scotland. 'You just can't do that.'
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Vistabella: Unsold Furniture Liquidation 2024 (Prices May Surprise You)
Unsold Furniture | Search Ads
Learn More
Undo
The president was commenting ahead of an Aug. 1 deadline when a slew of so-called
reciprocal tariffs
are set to take effect on dozens of trading partners. Trump announced higher levies in April, before pausing those tariffs at a reduced 10% rate to allow time for negotiations. Despite an extended deadline, Trump has only secured a handful of deals.
US Trade Representative
Jamieson Greer said Monday that the US needed more time for talks with India to gauge the country's willingness to open its market more to American exports.
Live Events
Reuters reported earlier Tuesday that New Delhi is bracing for higher tariffs likely between 20% and 25%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
24 minutes ago
- Hans India
Why is PM not denying Trump's claims?
New Delhi: The Congress on Wednesday said Prime Minister Narendra Modi is 'refusing to unequivocally' deny United States President Donald Trump's India-Pakistan ceasefire claims that have been made '30 times' as he is on a 'very weak wicket and has much to cover up'. Congress leader Rahul Gandhi said PM Modi cannot state that Trump is lying about his role in bringing about a ceasefire between India and Pakistan as if he does so, the American leader will lay bare the truth. The Opposition party took a swipe at Modi after Trump repeated his claim about playing a role in bringing about a ceasefire between India and Pakistan, saying the American leader is coiled around the PM 'like a snake' and 'hissing bitter truths' into his ear. Asked about Trump's latest remarks repeating his claims and that India is preparing to face higher US tariffs between 20 and 25 per cent, Gandhi said, "It is obvious, the Prime Minister has not said that Trump is lying. It is obvious what has happened. Everyone knows, he is not able to say it. That is the reality." "If the Prime Minister says it then he (Trump) will say openly and will lay bear the truth so that is why the PM is not able to say anything," the Leader of Opposition in the Lok Sabha said. Gandhi said Trump is making the remarks to put pressure on the Indian government for the trade deal. "Now, you see what kind of trade deal happens," he told reporters in the Parliament House complex. Congress president Mallikarjun Kharge said the PM doesn't have the guts to tell Trump that he is lying and it seems that 'daal mein kuch kala hai (there is something fishy)'. "Our policy has been that we have never accepted any sort of mediation by a third party in negotiations and it is unacceptable to us even today. Why did they agree, what were the reasons, they should tell the country," Kharge told reporters in the Parliament House complex. "He (Modi) did not even take Trump's name even once in his two-hour speech.
Hans India
24 minutes ago
- Hans India
Trump again claims credit for India-Pak ceasefire
Washington: US President Donald Trump has reiterated his claim of brokering a ceasefire between India and Pakistan after recent conflicts in May. The conflict followed April's Pahalgam terror attacks, which resulted in 26 deaths and led to 'Operation Sindoor' targeting terror camps in Pakistan and PoJK. Speaking to reporters on Tuesday on Air Force One on his way back to Washington from Scotland, Trump repeated the claim that he stopped the conflict between India and Pakistan. The US President praised Prime Minister Narendra Modi's leadership for contributing to regional stability. "Look, India, they're my friends," Trump said, acknowledging India's role in ending hostilities with Pakistan. "India has been a good friend," Trump stated, adding that now he is "in charge" and such practices would end. However, India has consistently refuted Trump's claims about brokering peace. It clarified that Pakistan's Director General of Military Operations contacted their Indian counterpart to request an end to hostilities before agreeing on a ceasefire. The ongoing discussions between India and the United States reflect both nations' commitment to strengthening their trade relationship while addressing regional security concerns collaboratively.
Hans India
24 minutes ago
- Hans India
Trump slaps 25% tariff on ‘friend' India
Washington: US President Donald Trump on Wednesday announced that 'friend' India will be paying a 25 per cent tariff from August 1. He also noted that New Delhi will have to pay additional penalty due to its oil and military purchase from Russia in the face of the ongoing war in Ukraine. In a post on Truth Social, Trump noted that despite being friends, India and US have done relatively little business. "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," he wrote. The US President added, 'Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!' In a separate post, Trump said that the US has a "massive trade deficit" with India. Last week, US Senator Lindsey Graham had warned that Trump would impose stern tariffs on countries that continue to purchase oil from Russia, name-dropping India, China and Brazil. He said that these countries purchase about 80 per cent of cheap Russian oil which keeps Vladimir "Putin's war machine going". "President Trump is going to put a 100 per cent tariff on all those countries, punishing them for helping Putin," he added. NATO chief Mark Rutte had also warned countries engaging in trade and business with Russia, warning of 100 per cent tariffs and more sanctions, focusing on India, China and Brazil as he called on three countries to halt trade. The announcement comes after days of suspense over the tariff rate that the US President would impose on India. Earlier on Tuesday, Donald Trump had hinted that he may hit India with a 20-25 per cent tariff rate. However, he added that nothing had been finalised. He also called India a "good friend" while reiterating that New Delhi levies more tariff on the US than "almost any other country". 'India has been a good friend, but India has charged basically more tariffs than almost any other country…
