World News | US President Trump Announces 25 Per Cent Plus Tariff on India from Aug 1

Washington, Jul 30 (PTI) US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1.

Trump, describing

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India as a "friend", said the US has done relatively "little business" with the country because its high tariffs.

India's tariffs are far too high, and they have the "most strenuous" and "obnoxious non-monetary trade barriers", he said in a social media post.

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India will be paying 25 per cent plus penalty starting August 1.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)