Trump says India could face 20%–25% tariff, however deal not finalised but

President Donald Trump stated India might face a tariff price of 20% to 25%, however cautioned that the ultimate determination has not but been made as each international locations proceed negotiating a commerce deal forward of the August 1 deadline.

“I feel so,” Bloomberg quoted Trump as telling reporters on Tuesday when requested if that was a attainable tariff price for New Delhi.

“India has been buddy, however India has charged principally extra tariffs than nearly every other nation,” Trump stated aboard Air Pressure One as he returned to Washington from a five-day go to to Scotland.

“You simply can’t do this,” he added.

US Commerce Consultant Jamieson Greer advised CNBC on Monday that an elusive India commerce settlement would require extra dialogue between the 2 international locations.

“They’ve expressed robust curiosity in opening parts of their market, we in fact are prepared to proceed speaking to them,” CNN quoted Greer as saying.

“However I feel we want some extra negotiations on that with our Indian associates to see how bold they need to be,” Greer added.

President Trump has continued to push US commerce companions to open beforehand restricted markets to American items, and India is not any exception.

Whereas neither Washington nor New Delhi has outlined particular factors of competition, Indian Commerce Minister Piyush Goyal final week expressed optimism about concluding a cope with the US earlier than Trump’s self-imposed August 1 deadline.

Though India has not but acquired a proper tariff warning letter — a tactic Trump has used with over a dozen different international locations — the president set tariffs on Indian items at 26% on April 2, earlier than placing the “reciprocal” levies on maintain throughout negotiations.

Trump has steadily criticised India over its commerce practices.

“They cost extra tariffs than every other nation,” he had stated on February 13, simply hours earlier than assembly Prime Minister Narendra Modi.

He has additionally described the US-India commerce relationship as “very robust,” citing a rising commerce deficit that has almost doubled over the previous decade.

The White Home’s issues prolong past tariffs.

Based on CNN, Trump administration officers have repeatedly flagged non-tariff commerce limitations in India, together with taxes on digital providers and what they describe as “uniquely burdensome” import rules and testing necessities.

The US imported $87 billion in items from India in 2024, whereas India imported $42 billion price of products from the US, added the report, citing US Commerce Division information.

Main US imports from India embrace prescribed drugs, communications tools comparable to smartphones, and attire.

Because the August deadline looms, negotiations stay lively — however last choices on tariffs or commerce phrases, as with different companions, relaxation with President Trump.

With inputs from companies