15 hours ago
Last Updated:July 29, 2025, 23:47 IST
The US may impose a 20-25% tariff on India, as stated by Trump. Trade talks between the two countries are ongoing, following a Reuters report on US tariffs.
US President Donald Trump. (AP file photo)
The United States may impose a 20-25 per cent tariff on India. However, the trade talks between the two countries have not concluded yet.
When asked to comment on a report in Reuters that India is preparing to face higher US tariffs likely between 20% and 25%, Trump said: “Yes, I think so."
When the reporter asked if the deal with India has been finalised, the US president said: “No, it’s not."
Speaking to reporters aboard Air Force One, Trump also called India a “good friend" but said it charges more tariffs than any other country.
Trump said on Monday that most partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April. His administration will notify some 200 countries soon of their new “world tariff" rate.
U.S. Trade Representative Jamieson Greer told CNBC on Monday that talks with India required more negotiations as Trump was more interested in good deals than quick deals.
India has shown “strong interest in opening portions of its market" though its trade policy had long focussed on protecting domestic interests, Greer said.
Saurabh Verma covers general, national and international day-to-day news for News18.com as a Senior Sub-editor. He keenly observes politics. You can follow him on Twitter --twitter.com/saurabhkverma19
Saurabh Verma covers general, national and international day-to-day news for News18.com as a Senior Sub-editor. He keenly observes politics. You can follow him on Twitter --twitter.com/saurabhkverma19
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view commentsLocation :Washington D.C., United States of America (USA)
First Published:News business US May Impose 20-25% Tariff On India, Donald Trump Says: 'Not Final But...'
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