Trump announces 25% tariff , plus a penalty on India
The US President Donald Trump on Wednesday announces India will be paying 25% tariff, this come into effect from August 1st, and India will have to pay additional penalty due to its oil and military purchase from Russia in the face of the on going war in Ukraine.
By taking Truth Social
Media post he said
"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, " he wrote.
They have always bought a vast majority of their military equipment from Russia , and are Russia's largest buyer of ENERGY ,along with china , ata UKRAINE- ALL THINGS NOT GOOD ! INDIA Will THEREFORE BE PAYING A TARIFF OF 25% PLUS A PENALTY FOR THE ABOVE , STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER MAGA."
Last week US Senator Lindsey Graham , and NATO chief Mark Rutte together warned the countries to face more sanctions and Tariffs who is involving trade with Russia, which makes vladmir war ambition alive.
By saying India as a good friend , Trump basically imposed more Tariffs than any country.
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