Trump slaps 25% tariffs on India, adds penalty over imports from Russia, China

US President Donald Trump has officially announced a 25% tariff on India, starting August 1, 2025, along with an additional penalty. Trump says the move is justified by what he calls India’s steep tariffs, unfair trade practices, and its ongoing deals with Russia for weapons and energy, despite international pressure to scale back ties with Moscow over the war in Ukraine. “Remember, […]