US President Trump says he will impose 25% tariffs on all goods imported from India

US President Donald Trump says he will impose a 25 percent tariff on goods from India. In a post on Truth Social, he also threatened an additional penalty on New Delhi for purchasing Russian oil and military equipment. The US President said both the 25 percent levy and the unspecified penalty would take effect on August the 1st. But later on Wednesday he told reporters that Washington is currently negotiating with New Delhi. MK Venu, the Founding Editor of the Wire and Former Editor of Financial Express, tells us about what has changed in the relationship between Trump and Indian Prime Minister Narendra Modi. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://x.com/ajenglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: https://www.aljazeera.com Check out our Instagram page: https://www.instagram.com/aljazeeraenglish Download AJE Mobile App: https://aje.io/AJEMobile #India ##US #UnitedStates #DonaldTrump #Narendr Modi #TradeWar #Tariffs #Economy #TrumpTariffs #TrumpEconomicPolicy #TrumpTradePolicy #LiberationDayTariffs #AlJazeeraEnglish