The Indian government will take steps to protect national interests in the wake of Trump's announcement of 25% tariffs on Indian goods.
Sanziana Georgescu
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Economy
sursa foto: unsplash.com
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India has reacted to President Trump's announcement of 25% tariffs from August 1, saying it will protect the interests of farmers and entrepreneurs. The Indian Ministry of Commerce is analyzing the implications of these measures, emphasizing its commitment to trade negotiations with the US. Trump has criticized India's high tariffs and its trade ties with Russia, justifying the penalties imposed. Bilateral trade with the US reached $129.2 billion in 2024, with a $45 billion deficit for the US.
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