President Donald Trump announced on Wednesday morning that he is authorizing 25% tariffs on India, which will take effect Aug. 1, due to the country’s import of Russian energy and military equipment.
“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,” the president said in a post on Truth Social.
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