Trump determines a 25 % tariff for India in addition to a “penalty” for Russia’s trade

president Donald Trump He said on Wednesday India It will pay a tariff of 25 % beginning August 1In addition to a “penalty” for what is seen as unfair commercial policies and the purchase of India for military and energy equipment from Russia.

The tariff rate of 25 % is modestly less than what it imposed on India.Editing Day“When a 26 % rate was announced on the main commercial partner.

But he is still at the top side of what Trump seemed to be thinking about it in India. Trump said on Tuesday that he is considering a rate Between 20 % and 25 %.

“Remember, while India is our friend, we have, over the years, have done relatively few businesses with them because the customs tariff is very high, among the highest in the world, and they have the most heavy and hating commercial barriers in any country,” Trump wrote about the social truth.

“Also, they have always bought a vast majority of their military equipment from Russia, and they are the largest energy buyer in Russia, along with China, while everyone wants Russia to stop killing in Ukraine – everything is not good!” He continued.

He said, “Thus, India will pay a tariff of 25 %, in addition to the penalty of what was mentioned above, starting from August first,” he said.

The White House did not respond to CNBC’s request to comment on what the additional punishment might be.

A spokesman for the Indian embassy in Washington, DC, did not immediately respond to a request to comment on the rate of tariffs or punishment.

In a social publication in fact, the following on Wednesday, Trump said: “We have a huge trade deficit with India !!!”

Trump has repeatedly said that the goal of his complete introductory system is to reduce the United States significantly trade deficit With other countries.

Economists have He asked this motivationbut. They notice that importing goods from countries with low employment costs means that Americans can pay lower prices for final products.

There too Deep uncertainty Regarding whether American workers will be ready or able to do low and dangerous jobs that can be required to produce goods that are usually imported from outside, such as clothes, play and chemicals.

Earlier this year, Trump went to the point of announcing the global trade deficit of America emergency A threat to national security in order to claim the legal authority to impose definitions unilaterally without consulting Congress.

Trump’s plans to impose an additional “punishment” on India on its trade with Russia also come as it has increased his speech in recent weeks on the president Vladimir Putin The invasion of Ukraine.

In an escalation Earlier this monthThe President threatened to implement a 100 % secondary tariff starting from early August on countries that buy Russian oil and gas, unless the Kremlin reaches the ceasefire deal with Ukraine.

China, India, Brazil and other major American trading partners who rely on Russian energy will be particularly struck by a tariff like this.