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2025-07-30 22:33:25
[Trump says India will pay 25% tariff, threatens additional penalties over India-Russia energy deal] US President Donald Trump said he would impose a 25% tariff on India starting August 1 and hinted at additional penalties for India's energy purchases from Russia. The Trump administration is scheduled to impose new tariffs on dozens of trading partners on August 1. The US leader's latest statement dashed India's hopes of receiving more favorable treatment than other countries in the region. New Delhi was one of the first countries to hold talks with Washington after Indian Prime Minister Modi's high-profile visit to the White House in February. In response to Trump's latest statement, an Indian official who requested anonymity said New Delhi remains in contact with the United States to ensure a mutually beneficial trade agreement. Earlier reports said Indian officials had said they would continue negotiations with the United States and strive to reach a bilateral trade agreement before the fall.
