Tariffs
#IndiaCrypto #TARIFF India will not surrender to the US, but is preparing for a fair and balanced agreement that ensures India's interests
🇺🇸 US imposes 25% tariff on India –
The decision announced by US President Donald Trump last night is likely to lead India into a crisis. The US will impose an import duty (TARIFF) of up to 25% on products imported from India. In addition, it has been clarified that India will have to pay a penalty for purchasing oil and weapons from Russia. This decision will come into effect from August 1, 2025.
🧭 American argument
– India buys most of its oil and military equipment from Russia
– America is facing a huge trade deficit with India
– Unsustainable ‘tariff’ rates on Indian products
– Trump’s stance is that India is ‘problematic’ from a trade perspective
🇮🇳 Indian government response
The government’s response is hopeful and consistent:
✅ The government has taken Trump’s announcement seriously
✅ An emergency meeting of the Ministry of Industry, Ministry of External Affairs and the Prime Minister’s Office has been held
✅ Issues affecting trade are being analyzed
✅ The interests of farmers, entrepreneurs and MSMEs will be protected
✅ India will not surrender to America, but is preparing for a fair and balanced agreement that ensures India’s interests
🔁 This is not the end – the US negotiating team will visit India next month. More direct and systematic discussions are likely to take place then.
🇮🇳📌 The message is this
Even in crises like these, India is moving forward with a firm stance. Let us wait and have faith. History shows that such disputes have often been resolved amicably after intense negotiations.