While House announces 25% tariff on India, releases list of levies for several countries

  • Posted on August 1, 2025
  • By Business News Today
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While House announces 25% tariff on India, releases list of levies for several countries

President Trump announced a 25% tariff on India, effective August 7th, citing trade imbalances and India's ties with Russia, including military equipment and energy purchases. This action is part of a broader move imposing tariffs on nearly 70 nations, with rates varying from 10% to 40%. Trump also criticized India's membership in BRICS, viewing it as an anti-US grouping.
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