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Trump announces 25 per cent tariff on India

On Tuesday, Trump had said India could face a 20-25 percent rate since a trade deal had not been finalized. The announced tariffs will mark a huge leap from the current 10 percent baseline tariff on Indian shipments to the United States

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US President Donald Trump. File Pic/AFP

US President Donald Trump. File Pic/AFP

US President Donald Trump on Wednesday announced that imports from India will face 25 percent tariffs, while also announcing an unspecified "penalty" for New Delhi's purchases of Russian weapons and energy, reported the AFP.

The measures will kick in on Friday, President Trump posted on his Truth Social platform.

"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," Trump said, according to the AFP.

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