Trump: India will pay 25% tariffs and fines

2025/07/30 20:16

PANews reported on July 30th that, according to Jinshi, US President Trump said on social media, "Remember, while India is our friend, we have had relatively little trade with them for many years because their tariffs are too high, the highest in the world, and their non-monetary trade barriers are the most obnoxious of any country. Furthermore, they have been purchasing the vast majority of their military equipment from Russia and are Russia's largest energy buyer. At a time when everyone wants Russia to stop its military actions in Ukraine, India's performance is not good!" Therefore, starting August 1st, India will pay a 25% tariff, plus a fine for the above-mentioned actions.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.