Trump Announces 25% Tariff On India

WASHINGTON (AP) — President Donald Trump says the United States and India are still negotiating on trade despite new tariffs slated to begin in a few days. Trump told reporters Wednesday he’ll “see what happens.” India’s government says it’s studying the implications of Trump’s announcement he’ll impose a 25% tariff on goods from India, plus an additional import tax because of its purchasing of Russian oil. Trump intends to charge an additional “penalty” starting Friday as part of the launch of his administration’s revised tariffs on multiple countries. India’s Trade Ministry says it remains committed to negotiating a “fair, balanced and mutually beneficial” bilateral trade agreement.