Washington | US President Donald Trump announced imports from India to the United States would be subject to a 25 per cent tariff as of Friday, as he berated the country over trade barriers and its purchases of energy and military equipment from Russia.
The announcement could put pressure on India to strike a deal or face hefty tariffs that would most likely put a strain on economic and diplomatic ties between the countries. It could also encourage businesses to choose other Asian nations for manufacturing operations, blunting India’s position as a leading alternative to China.
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