US President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, DC, US, Feb 13, 2025. REUTERS/Kevin LamarqueUS President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, DC, US, Feb 13, 2025. REUTERS/Kevin LamarqueUS President Donald Trump on Wednesday imposed a 25 percent tariff on goods imported from India starting Aug 1, as well as an unspecified penalty for buying Russian arms and oil - moves that could strain relations with the world's most populous democracy. The United States, the world's largest economy, currently has a $45.7 billion trade deficit with India, the fifth largest. White House economic adviser Kevin Hassett said Trump has been frustrated with the progress of trade talks with India and believed the 25 percent tariff announcement would help the situation.
