WASHINGTON — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday.
The new tariffs were part of a flurry of trade activity that included a series of executive actions regarding Brazil, copper and shipments of goods worth less than $800, as well as a reduced 15% tax on imports from South Korea, including its autos. It was all a prelude to Friday when Trump's new tariff regime is scheduled to start, an event the White House has portrayed as a testament to Trump's negotiating skills even as concerns persist about the taxes hurting growth and increasing inflationary pressures.
India “is our friend,” Trump said on his Truth Social platform announcing the taxes, but its