25% Import Tariff On Indian Goods: The Art Of The No Deal
That India didn’t blink on a trade pact with US is (1) good for core interests like protecting farmers and (2) not as bad as it sounds given what countries that have buckled have had to concede to Trump
Months of speculation over the India-US trade deal ended last evening with a blunt announcement from Trump on Truth Social. Starting Aug 1, all Indian goods entering US will face a 25% import tariff, plus an additional penalty. This new tariff regime will apply even to goods already in transit.
An apparel item that previously attracted a 12% tariff will now face 12% + 25% + a-yet-to-be-disclosed penalty.
