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    Trump slams 25% tariff on India, warns of penalties over buying Russian oil 

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    President Donald Trump said Wednesday that the United States will impose a 25 percent tariff on goods imported from India and introduce additional penalties over New Delhi’s continued purchases of Russian oil and military equipment.
    The announcement comes ahead of a Friday deadline Trump set for nations to reach new trade deals with his administration or face higher levies.
    “The deadline stands strong and will not be extended,” he said, noting that dozens of countries could see tariffs as high as 20 percent, far above the 10 percent rate he unveiled in April.
    Trump said India’s high duties on U.S. goods have made trade “too expensive” and cited what he described as “strenuous and obnoxious nonmonetary trade barriers.” On his Truth Social account, he wrote: “While India is our friend, their tariffs are far too high, among the highest in the world.”
    He also linked the move to India’s energy and defense ties with Moscow, accusing the country of helping fund Russia’s war in Ukraine. “They are Russia’s largest buyer of energy along with China, at a time when everyone wants Russia to stop the killing in Ukraine,” Trump said.
    The new 25 percent tariff, which takes effect Aug. 1, is a sharp jump from the 2.4 percent average applied to Indian imports in recent years, though slightly lower than the 26 percent rate Trump threatened in April. The U.S. runs a $45.7 billion trade deficit with India, which last year exported $90 billion worth of goods to American consumers and businesses.
    India’s Commerce and Industry Ministry responded within hours, saying New Delhi would “take all steps necessary” to protect its national interests. It confirmed that both countries had been negotiating a “fair, balanced and mutually beneficial” trade agreement and reiterated its commitment to that goal.
    “The government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs and MSMEs,” the ministry said in a statement. “We will take all steps necessary to secure our national interest.”

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