Trump: India will pay a 25% tariff and fine.

[Trump: India will pay 25% tariffs and fines] US President Trump stated on social media, remember, although India is our fren, our trade with them has been relatively small over the years because their tariffs are too high, among the highest in the world, and their non-monetary trade barriers are the most annoying of all countries. Moreover, they have been purchasing the vast majority of military equipment from Russia and are the largest energy buyer from Russia. While everyone hopes Russia will stop its military actions in Ukraine, India has not performed well in all of this! Therefore, starting from August 1, India will pay a 25% tariff, plus fines for the aforementioned actions.