Trump establishes 25% tariff for India Plus ‘penalty’ for Russian trade

President Donald Trump said on Wednesday India Will pay a 25% rate August 1Because of the unfair trade policies, due to the “punishment”, the purchase of Russian military equipment and energy in India.

25% rate rate is lower than that imposed in India “Liberation Day“When he announced a rate of 26%, when he informed the key bargainner.

But Trump is still at the highest end of what he thought in mind in India. Tuesday Trump said thinking was a rate Between 20% and 25%.

“Remember, over the years, there are years, because their rates are very high, because they are the highest and hardest and hardest trade-in-business businesses in the world,” said Trump in social truth.

“Also, they always bought the majority of Russian military equipment, and is the greatest buyer of Russia, along with China, everyone who wants to kill Russia in Ukraine, not all things are good!” continued.

“India will therefore pay a 25% rate, and punishment for the previous one, the first in early August,” he said.

The White House did not respond to CNBC’s request to what the penalty may be.

In Washington, a spokesman for the Indian Embassy of the DC did not immediately respond to the rate or penalty of the rate.

In a subsequent social truth on Wednesday, Trump said: “We have massive trade deficit in India !!!”

Trump repeatedly said the purpose of his fare regime is that the United States is significantly cutting Trade deficit with other countries.

Economists have He questioned this reasonBut. Importing goods from countries with lower labor costs means that the finished products can pay lower prices.

Even if there is A deep uncertainty Whether American staff would be ready, to produce goods, clothes, toys and chemicals abroad for low and potentially dangerous jobs to produce goods with chemicals.

This year earlier, Trump resided to declare the global American trade deficit An emergency Threat to national security to claim the legal authority to implement non-conference consulting fares.

Trump intends to establish the “penalty” in India with trade with Russia, the rhetoric has increased over the last few weeks above the President Vladimir Putin Ukrainian invasion.

In a scaling months before this monthThe President threatened to establish secondary rates by 100% tariffs in countries that buy Russian oil and gas, unless Kremlin gets a ceasefire with Ukrainian.

Other important US trade partners based in China, India, Brazil and the US would be such hard fare.