India has responded to the 25 per cent tariff imposed by the United States on Indian imports and said that New Delhi was “studying its implications”. India also said that New Delhi was taking steps “necessary to secure our national interest”.
Donald Trump on Wednesday, July 30, announced 25 per cent tariff on India, starting August 1, citing India’s high trade barriers. Apart from 25 per cent tariff, India will also face an additional “penalty” for energy and defense ties with Russia, Trump announced on Truth Social.
Donald Trump criticised India’s military and oil imports from Russia, saying it has enabled Moscow to continue the war on Ukraine.
INDIA’S FULL STATEMENT ON US IMPOSING 25% TARIFF
The Government has taken note of a statement by the US President on bilateral trade. The Government is studying its implications.
India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective
The Government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs.
The Government will take all steps necessary to secure our national interest, as has been the case with other trade agreements including the latest Comprehensive Economic and Trade Agreement with the UK.