Editorial photo #12601040 Economy, Business and Finance
Trump Imposes 25% Tariffs On India,- Plus 'Penalty' For Trade With Russia
Kashmiri Aari embroidery handbags are seen at the Nazakat Shawl Factory in Srinagar, Jammu and Kashmir, on July 31, 2025. United States President Donald Trump announces a 25 percent tariff on Indian goods, as well as an unspecified penalty for the country's purchase of Russian oil and military equipment. Posting on his Truth Social platform, he says the measures take effect from August 1, the US deadline for a trade deal. He describes India as a friend whose ''tariffs are far too high, among the highest in the world.'' (Photo by Firdous Nazir/NurPhoto)