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US To Impose 25% Tariffs On Imports From India Starting August 1
(MENAFN- AzerNews)
Nazrin Abdul
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The United States will implement a 25% customs tariff on products imported from India, effective August 1.
This announcement was made by U.S. President Donald Trump, Azernews reports.
Despite being allies, President Trump highlighted in a post on "Truth Social" that trade between the two countries has been relatively limited over the years due to India's high tariffs-among the highest in the world-and stringent non-tariff trade barriers. He described India's trade regulations as some of the toughest and least favorable globally.
Previously, many Indian products faced tariffs ranging from 0% up to about 10% under normal trade terms with the U.S. However, Trump's new 25% tariff represents a significant increase, aimed at addressing long-standing trade imbalances.
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