Trump announced 25% tariffs on all Indian imports, citing slow trade talks and Russian oil purchases, sparking political reactions in New Delhi. Trump also criticised India's economy, a sentiment echoed by Rahul Gandhi.
In a fresh trade escalation, US President Donald Trump announced a 25 per cent tariff on all imports from India effective August 1, also threatening an unspecified penalty for New Delhi’s continued purchase of Russian crude oil and defence equipment. US Treasury Secretary Scott Bessent told CNBC that Trump and the trade negotiation team have been “frustrated with India” over the pace of talks.
“I don't know what's gonna happen. It'll be up to India. India came to the table early. They have been slow-rolling things. So the President, the whole trade team, has been frustrated with them,” Bessent told CNBC, further accusing India of reselling refined products made from sanctioned Russian oil.
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