US President Trump announces 25% plus tariff on India from Aug 1

Washington: US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1.

Trump, describing India as a "friend", said the US has done relatively "little business" with the country because its high tariffs.

India's tariffs are far too high, and they have the "most strenuous" and "obnoxious non-monetary trade barriers", he said in a social media post.

India will be paying 25 per cent plus penalty starting August 1.