Trump’s Shock Move: India Faces Massive US Tariff Hike
US President Donald Trump on Tuesday announced a significant escalation of tariffs on Indian imports. The move, coming hours after he initially hinted at such action, will see a “very substantial” increase from the current 25% rate.
This drastic measure, reported by Reuters, is directly attributed to India’s continued purchase of Russian oil. The President made the announcement on August 5, 2025.
The administration cited India’s energy dealings with Russia as a violation of unspecified trade agreements. The exact percentage increase remains undisclosed.
This development carries significant implications for India’s economy, potentially impacting several key sectors and trade relations. The government is expected to respond swiftly to this unexpected escalation. The immediate economic fallout and India’s strategic response will be closely watched in the coming days.