President Donald Trump said on Wednesday the United States would impose a 25% tariff on Indian goods starting August 1, citing New Delhi’s high tariffs and strict non-monetary trade barriers.

The Indian government is assessing the impact of President Trump's announcement of 25% tariffs on Indian goods, alongside a penalty for military and oil purchases from Russia. Ongoing trade negotiations aim for a fair bilateral deal,

US President Donald Trump is "frustrated" with the lack of progress on trade talks with India and feels that the 25% tariff imposed on the country will "address and remedy" the situation, the White House economic adviser suggested on Wednesday.