India to take steps to ‘secure national interest’ after Trump imposes 25% tariff
India responds to Trump’s 25 per cent import tariff
- Donald Trump announced a 25 per cent import tariff on India, citing the country's high tariffs and "strenuous and obnoxious" regulatory hurdles.
- Trump also indicated an undefined penalty for India's significant energy and military purchases from Russia, despite India being considered a friend.
- The Indian government, led by Prime Minister Narendra Modi, stated it is evaluating the implications of Trump's decision and will take necessary steps to secure its national interest.
- This aggressive stance by Trump has dampened India's expectations of receiving preferential trade treatment compared to other Asian economies.
- India continues to negotiate a "fair, balanced and mutually beneficial bilateral trade agreement" with the US, with agriculture and dairy remaining sensitive sticking points.