US Imposes Tariffs on India and Allies

Published on 8.7.25

  US President Trump has announced plans to impose tariffs on imports from various countries, including Canada, Indonesia, Japan, South Korea, Serbia, and India, with rates ranging from 10% to 50%. A trade deal with the European Union includes a 15% import tariff on most EU goods, while a deal with South Korea reduces planned levies to 15%. The tariffs are imposed due to concerns over Russian oil imports, particularly after India's continued purchase of Russian oil. The move comes amid strained ties between the US and India following Operation Sindoor, a counterstrike by India after a terror attack in Kashmir that left 26 innocents dead. India has expressed disappointment over the US tariffs, citing market factors aimed at ensuring energy security for its 1.4 billion people.

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