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Will Take Necessary Steps To Secure 'National Interest': Centre Responds To Trump's 25% Tariff

In a statement issued on Tuesday, the Government confirmed it has “taken note” of the remarks and is currently assessing their implications

The Government has officially responded to the recent announcement by US President Donald Trump of a 25 per cent tariff and additional penalties on Indian exports, set to take effect from August 1. In a statement issued on Tuesday, the Government confirmed it has “taken note” of the remarks and is currently assessing their implications.

"India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective. The Government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs. The Government will take all steps necessary to secure our national interest, as has been the case with other trade agreements including the latest Comprehensive Economic and Trade Agreement with the UK," the statement reads.

US Imposes 25% Tariff On India

US President Donald Trump announced on Wednesday via Truth Social that a 25 per cent tariff on Indian goods will take effect from August 1. In his post, Trump acknowledged the friendly ties between the two nations but criticised the limited trade volume, attributing it to India’s steep tariff structure and restrictive trade practices. “Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," he wrote in his post.

"Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! ALL THINGS NOT GOOD” amid the ongoing war in Ukraine. He alleged that India is one of Russia’s largest energy buyers, along with China, and said this undermines global efforts to pressure Moscow into ending the conflict. "INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!" he added.

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ABP Live Business is your daily window into India’s money matters, tracking stock market moves, gold and silver prices, auto industry shifts, global and domestic economic trends, and the fast-moving world of cryptocurrency, with sharp, reliable reporting that helps readers stay informed, invested, and ahead of the curve.

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