Trump announces 25% tariff on India starting Aug. 1, unspecified penalties for buying Russian energy
Monday Mornings
The latest local business news and a lookahead to the coming week.
Trump said on Truth Social on Wednesday that India 'is our friend' but its 'Tariffs are far too high' on U.S. goods.
The Republican president added that India buys military equipment and oil from Russia, which Trump said has enabled the war in Ukraine. As a result, he intends to charge an additional 'penalty' starting on Friday as part of the launch of the administration's revised tariffs on multiple countries.
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