Today's Digital Newspaper

The Gazette

Weather Block Here



Trump teases 25% tariffs on India as trade deal deadline looms

India could face sweeping new tariffs under a new trade deal, President Donald Trump said Tuesday.

“I think so,” Trump said when asked to confirm reports that India’s tariffs could range between 20% and 25%. “India has been a good friend, but India has charged, basically, more tariffs than almost any other country. You know that, right?”

Speaking to reporters aboard Air Force One, Trump said that Indian Prime Minister Narendra Modi has been a good friend, adding that the country’s tariffs are too high in his view.

However, Trump also said the deal is “not finalized,” leaving the door open for further negotiations. If imposed, the rate would be similar to the 26% tariff Trump rolled out in April on “Liberation Day” for India, which has since been paused.

The United States is working to finalize deals with top trading partners ahead of a Friday deadline for Trump to implement his “Liberation Day” tariffs. Preliminary agreements have been reached with the European Union, the United Kingdom, and Japan, among others, but not India.

Trump tariff letters: What to know about the new trade deals, rates, and ‘Liberation Day’ pause

India has historically implemented high tariffs on trading partners. For example, it agreed to slash import duties on American bourbon earlier this year, but only from 150% to 100%. Trump said things would have to change now that he’s in office.

“Now I’m in charge,” he added, “and you just can’t do that.”

63b97286-5397-5ac8-b68d-1c96ab56a391

View Original Article | Split View
Tags

PREV

PREVIOUS

Saudi Arabia, France seek support for declaration on two-state solution between Israel, Palestinians

Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save By Michelle Nichols UNITED NATIONS (Reuters) -Saudi Arabia and France on Tuesday called on countries at the United Nations to support a declaration that outlines “tangible, timebound, and irreversible steps” towards implementing a two-state solution […]

NEXT

NEXT UP

UN holds emergency talks over sky-high costs for COP30 climate summit

Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save By Kate Abnett BRUSSELS (Reuters) -The United Nations’ climate bureau held an urgent meeting on Tuesday over concerns that sky-high accommodation prices for this year’s COP30 climate summit in Brazil could price poorer countries out […]