Power Broker Trump announces 25% tariffs on India starting Aug 1, plus ‘penalty’ for trading with Russia

US President Donald Trump announced a 25% tariff on Indian imports effective August 1, 2025, along with a “penalty” over India’s Russian military and energy purchases. He criticized India’s protectionist policies and “massive trade deficit,” claiming limited US export opportunities. India responded, stating it is reviewing the move while reaffirming its commitment to a fair, balanced, and mutually beneficial trade agreement.