President Donald Trump on Tuesday threatened to raise tariffs on Indian imports as high as 25% if the allied nations cannot complete a long-sought trade agreement. “They are going to pay 25% ...

WASHINGTON — President Trump said Wednesday he would impose a 25% tariff on India starting Friday — along with an additional penalty for buying Russian energy and weapons. The announcement was ...

The U.S. is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable ...

President Donald Trump said India may be hit with a tariff rate of 20% to 25% but cautioned the final levy had not been finalized as the countries negotiate ahead of an Aug. 1 deadline.

When asked by a reporter if India would pay tariffs of 20% to 25%, Trump said, “Yeah, I think so. India has been – they’re my friends.” US Trade Representative Jamieson Greer told CNBC ...

The new tariffs on India could complicate its goal of doubling bilateral trade with the U.S. to $500 billion by 2030. The two countries have had five rounds of negotiations for a bilateral trade ...

India has historically implemented high tariffs on trading partners. For example, it agreed to slash import duties on American bourbon earlier this year, but o nly from 150% to 100%.

With the U.S. being India’s largest trading partner, any tariff escalation poses significant risks. India’s merchandise trade with the U.S. has grown 8% year-over-year, surpassing $106 billion ...

Trump announced the new tariff in a post on his social media app Truth Social on July 30, two days before a bevy of increased reciprocal tariffs will go into effect for dozens of nations on Aug. 1.

His comments followed a Reuters report that India was preparing to accept higher tariffs of 20%-25% on its exports to the U.S. in the absence of a trade deal, as it holds off on offering fresh ...

In 2019, when the U.S. removed India from the Generalized System of Preferences, India retaliated by increasing tariffs on 28 American products, including almonds, apples, and medical equipment.

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.” ...