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Trump announces 25% tariff on India, unspecified penalties for buying Russian energy

Trump announces 25% tariff on India, unspecified penalties for buying Russian energy
This agreement includes 15% tariffs on most European goods, and economists say it will be Americans, whether that's consumers or businesses who pay for those tariffs. However, the White House strongly pushing back on that. The United States securing an agreement with its largest trading partner, the European Union. We just signed *** very big trade deal, the biggest of them all. While the specifics are still being worked out, the headline includes US companies paying no tariffs into Europe, while many European products will. 15% tariffs in the US Experts say that could push prices up on pharmaceuticals, cars, computer chips, wine, and food. American tariffs ultimately get paid by Americans. Foreign producers don't swallow much, if any, of the cost of tariffs. The White House is pushing back, telling us the cost of tariffs will be borne by foreign exporters who rely on access to the American economy. It's been, it's been *** challenge, but as Kathy Dalby, who owns several shoe stores in the Washington DC area starting about June we started to see our manufacturers raise pricing on shoes. Nearly all of these shoes come from Vietnam, one of the first countries to strike an agreement with the president. Typically we would see maybe *** small price jump, but $10 is is quite *** bit. Yeah, and you think that's directly related to tariffs? I know it's directly related to tariffs and the White House tells me this deal, as well as the others they have agreed to so far, will all take effect August 1 at the White House and Christopher Sallis.
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Updated: 7:45 AM CDT Jul 30, 2025
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Trump announces 25% tariff on India, unspecified penalties for buying Russian energy
AP logo
Updated: 7:45 AM CDT Jul 30, 2025
Editorial Standards
President Donald Trump says he’ll impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil.Trump said on Truth Social on Wednesday that India “is our friend” but its “Tariffs are far too high” on U.S. goods.The Republican president added that India buys military equipment and oil from Russia, which Trump said has enabled the war in Ukraine. As a result, he intends to charge an additional “penalty” starting on Friday as part of the launch of the administration’s revised tariffs on multiple countries. The Census Bureau reported that the U.S. ran a $45.8 trade imbalance in goods with India last year, meaning it imported more than it exported.At a population exceeding 1.4 billion people, India is the world’s largest country and a possible geopolitical counterbalance to China. India and Russia have close relations, and New Delhi has not supported Western sanctions on Moscow over its war in Ukraine.When Trump in February met with Indian Prime Minister Narendra Modi, the U.S. president said that India would start buying American oil and natural gas.Trump discussed his policies on trade and tariffs with reporters accompanying him Tuesday on the flight home following a five-day visit to Scotland. He declined to comment then when asked about reports that India was bracing for a U.S. tariff rate of at least 25%, saying, “We’re going to see.”Trump also said the outlines of a trade agreement with India had not yet been finalized.

President Donald Trump says he’ll impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil.

Trump said on Truth Social on Wednesday that India “is our friend” but its “Tariffs are far too high” on U.S. goods.

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The Republican president added that India buys military equipment and oil from Russia, which Trump said has enabled the war in Ukraine. As a result, he intends to charge an additional “penalty” starting on Friday as part of the launch of the administration’s revised tariffs on multiple countries.

The Census Bureau reported that the U.S. ran a $45.8 trade imbalance in goods with India last year, meaning it imported more than it exported.

At a population exceeding 1.4 billion people, India is the world’s largest country and a possible geopolitical counterbalance to China. India and Russia have close relations, and New Delhi has not supported Western sanctions on Moscow over its war in Ukraine.

When Trump in February met with Indian Prime Minister Narendra Modi, the U.S. president said that India would start buying American oil and natural gas.

Trump discussed his policies on trade and tariffs with reporters accompanying him Tuesday on the flight home following a five-day visit to Scotland. He declined to comment then when asked about reports that India was bracing for a U.S. tariff rate of at least 25%, saying, “We’re going to see.”

Trump also said the outlines of a trade agreement with India had not yet been finalized.