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Trump slaps 25% tariff, plus a penalty for using Russian weapons & oil on India starting Aug 1
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President Trump announced a 25% tariff on Indian exports, effective August 1, 2025, citing the lack of a finalized trade deal. He criticized India's high tariffs and non-monetary trade barriers, highlighting its close ties with Russia, including military and energy partnerships. Trump emphasized the incompatibility of these partnerships with global efforts to isolate Moscow over the Ukraine conflict.
Author: ET
Published: 23 hours ago
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