Donald Trump announces 25% tariff, plus a penalty on India from Aug 1

JerinJoseph

07-31 8:49

Will take all steps to secure national interest, says India after Trump announces 25% tariff plus penalty,

Figure 1, view larger image

Announcing the tariff, the US President, in a Truth Social post, said India has the "most strenuous and obnoxious non-monetary Trade Barriers of any Country."


Figure 2, view larger image


US President Donald Trump on Wednesday announced a sweeping 25% tariff on India starting August 1st.


"Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China.

Figure 3, view larger image


At a time when everyone wants Russia to STOP THE KILLING IN UKRAINE - ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST 1st. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!" he said in a post on TruthSocial.


@iQOO Connect@NipunMarya@Parth Nirmal@Andybitts@parakram_h

Off-topic Lobby