Topline
President Donald Trump raised tariffs on Indian imports from 25% to 50% Wednesday in what he said was retaliation against India for buying Russian oil.
US President Donald Trump meets with Indian Prime Minister Narendra Modi at the White House in Washington DC, United States on February 13, 2025. (Photo by Indian Press Information Bureau / Handout/Anadolu via Getty Images)
Anadolu via Getty Images
Key Facts
Trump said the new rate will go into effect at 12:01 a.m. Thursday, along with new tariffs on more than 60 countries, when the deadline Trump set for U.S. trading partners to negotiate new tariffs expires.
Trump suggested in recent days he would raise tariffs against India ahead of the Thursday deadline, telling CNBC on Tuesday, “India has not been a good trading partner,” while threatening he would “raise [the new tariffs] very substantially over the next 24 hours, because they’re buying Russian oil, they’re fueling the war machine.”
India’s Ministry of External Affairs called the reciprocal tariffs “unfair, unjustified and unreasonable” in a statement that said it’s “extremely unfortunate that the U.S. should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,” an apparent reference to other countries, such as China, that also purchase Russian oil.
Tangent
Trump’s doubling of the tariffs against India comes as Apple—which manufactures a significant portion of iPhones in India—is expected to announce a new $100 billion investment in the U.S. Trump has threatened to impose a 25% tariff against Apple unless it moves to more domestic production, though the company is largely exempt for now from the new tariffs against India under the exemption Trump announced in April for all smartphones, computers and other electronics.
This is a developing story and will be updated.
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