The measures will kick in on Friday, Trump posted on his Truth Social platform, adding to a bevy of other tariff hikes -- some up to 50 percent -- set to take effect the same day.
In a separate post, Trump said the August 1 deadline "stands strong, and will not be extended."
He had previously issued multiple delays to his so-called "reciprocal" tariffs since first announcing them in early April, while instituting an interim 10 percent baseline.
The 25 percent tariff on India would be marginally lower than the rate announced in April, but is higher than those of other Asian countries that have struck preliminary trade agreements with Washington.
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Indian exporters are disappointed by the 25% US tariff on Indian goods, as it puts them in a difficult situation, Ajay Sahai, General and Chief Executive Officer of the Federation of Indian Export Organizations (FIEO), established by the Ministry of Trade and Industry of India, told TASS.
ReplyDelete"The 25% tariff on India is little disappointing on us. So, this is a little difficult situation as of now.But I am sure in couple of days the situation will be much clear to all of us," Sahai said.
He added it was not clear from the statement of the American president what the additional fines would be.
Sahai said that India is constructively cooperating with the United States to sign a trade deal.
. The US could announce another tariff on India later this week, in addition to the tariff for trading with Russia, US President Donald Trump told reporters.
ReplyDeleteТрамп подписал указ о введении дополнительной пошлины в размере 40% на Бразилию, доведя общий размер пошлины до 50%.
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