A damper for hopes for a trade agreement: The US President has announced an inch of 25 percent for goods from India and wants to impose another “punishment”-among other things because of the country’s Russia business.
US President Donald Trump has announced that tariffs of 25 percent can be raised on goods from India. The surcharges should come into force on August 1st. Among other things, he justified the step with the country’s trade connections to Russia.
“You have always bought most of your military equipment from Russia and, along with China, are the biggest buyer of Russian energy, at a time when everyone wants Russia to end in the Ukraine. Not good things!” Wrote Trump on his online language tube Truth Social.
The new tariffs are likely to affect Indian goods exports to the United States, which were estimated at around $ 87 billion in 2024. Labor -intensive products such as clothing, medicines, gems and jewelry as well as petrochemical products are affected.
Commercial deficit in billions
In addition to the tariffs, Trump announced another “punishment” for India, which he did not explain in more detail. He also accused the country of recently building further trade barriers and in turn to demand too high tariffs. The United States currently has a trade deficit with India of $ 45.7 billion.
The US President thus missed the hopes of a limited trade agreement between the two countries. Unterships on both sides have been negotiating a solution for months.
Dispute over US agricultural products
The dispute was most recently dealing with American agricultural and dairy products. Indian representatives, on the other hand, had defended themselves to open the domestic market for wheat, corn, rice and genetically modified soybeans. You see risks to the livelihood of millions of Indian farmers.
The Indian government said that the decision of the United States was noted and are now examining its effects. One wanted to continue to have fair trade talks.
Trump had sparked a customs conflict with trading partners all over the world at the beginning of April. He announced high imports for numerous countries, but then lowered them to ten percent to lead negotiations.
Customs as a means of pressure on Moscow
Trump has only recently been used as a means of pressure on Moscow to force negotiations on the end of the war against Ukraine. The US President, in his own words, is considering sanctioning Russia’s trading partner in order to weaken the economic basis of the Kremlin.
Most recently, he had set a period of ten days to make an agreement on a ceasefire or a peace agreement. His spokeswoman confirmed that this deadline began today.
