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Trump announces 25% tariff on Indian exports with secondary sanctions from Aug 1
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Friday, 01 August, 2025, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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US President Donald Trump has announced a 25% tariff on exports from India along with secondary sanctions from August 1.
Trump’s reasons apparently were Indian tariff was too high and India buys Russian oil and military equipment, for the tariff on Indian export to the US.
In a social media post, Trump said India will be paying a tariff of 25%, plus a penalty starting on August 1.
Meanwhile, Indian stand on trade negotiations remained firm with Government confirming that there will be no negotiations on the agriculture and dairy sector.
“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,” reads a statement issued by the Ministry of Commerce and Trade.
Industry players, also reacted to the announcement made by President Trump which resonated with the statement by the Commerce and Industry Minister emphasising that India would prioritise national interests over meeting the deadlines in trade negotiations wherein the aim was to secure a beneficial pact rather than a hurried deal that gives short term benefit but may result in adverse outcomes in the long term.
Reacting to the announcement, Harsha Vardhan Agarwal, president, FICCI said, "India has been actively negotiating a BTA with the US since the start of the year, and we understand that there had been some specific demands from the US side which are not in our national interest and therefore Indian government has not given in to those demands from the US. Also, the US team is coming to India in the latter half of August to further discuss on the BTA. We are hopeful that the two sides will make progress in their discussions and complete the negotiations by September-October 2025.”
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