In yet another tariff announcement, Donald Trump threatened to place a 25% tariff on India.
The announcement notably did not come in the form of a letter, as many recent tariff announcements have, and was instead simply confirmed by Trump saying “They are going to pay 25%.”
In 2024, the U.S. imported $87 billion of goods from India, and India imported $42 billion of goods from the U.S.
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