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| Trump to hit India with 25% tariffs - plus 'penalty' for trade with Russia | Trump to hit India with 25% tariffs - plus 'penalty' for trade with Russia |
| (32 minutes later) | |
| Donald Trump met Indian PM Narendra Modi in the Oval Office in February | Donald Trump met Indian PM Narendra Modi in the Oval Office in February |
| The US will impose 25% tariffs on goods imported from India "plus an unspecified penalty" for buying Russian oil and weapons, President Trump has said. | |
| In a post on his Truth Social platform, he said the measures would take effect from from 1 August, the US deadline for a trade deal. He described India as a friend whose "tariffs are far too high, among the highest in the world". | In a post on his Truth Social platform, he said the measures would take effect from from 1 August, the US deadline for a trade deal. He described India as a friend whose "tariffs are far too high, among the highest in the world". |
| He also criticised India's purchases of Russian military equipment and energy "when everyone wants Russia to STOP THE KILLING IN UKRAINE". | He also criticised India's purchases of Russian military equipment and energy "when everyone wants Russia to STOP THE KILLING IN UKRAINE". |
| India said it was committed to "concluding a fair, balanced and mutually beneficial bilateral trade agreement". Last year, the US had a trade deficit of $45.8bn (£26.1bn) with India. | |
| India defends farm protections, citing food security and the livelihoods of millions of small farmers | India defends farm protections, citing food security and the livelihoods of millions of small farmers |
| Back in April, Trump had announced tariffs of up to 27% on Indian goods, which were later paused. This Friday is the latest deadline for India and other countries to either reach a trade agreement or face increased tariffs. | Back in April, Trump had announced tariffs of up to 27% on Indian goods, which were later paused. This Friday is the latest deadline for India and other countries to either reach a trade agreement or face increased tariffs. |
| Tariffs are taxes charged on goods imported from other countries. The US president has repeatedly taken aim at India's high tariffs, branding it a "tariff king" and a "big abuser" of trade ties. | Tariffs are taxes charged on goods imported from other countries. The US president has repeatedly taken aim at India's high tariffs, branding it a "tariff king" and a "big abuser" of trade ties. |
| "But now I'm in charge, and you just can't do that," he said earlier on Tuesday. | "But now I'm in charge, and you just can't do that," he said earlier on Tuesday. |
| India's government said it was studying the implications of Trump's remarks. | |
| It said it "attaches the utmost importance to protecting and promoting the welfare" of Indian farmers, entrepreneurs and small businesses. | |
| "The government will take all steps necessary to secure our national interest." | |
| Since April, both sides have been racing to negotiate an agreement, with officials sometimes sounding positive and at other times, measured. | Since April, both sides have been racing to negotiate an agreement, with officials sometimes sounding positive and at other times, measured. |
| "We continue to speak with our Indian counterparts. We've always had very constructive discussions with them," US Trade Representative Jamieson Greer said earlier this week. | "We continue to speak with our Indian counterparts. We've always had very constructive discussions with them," US Trade Representative Jamieson Greer said earlier this week. |
| He also acknowledged that although he had earlier said a deal with India might be "imminent", it needed to be understood that Delhi's trade policy has been "protectionist for a very long time" and has been "premised on strongly protecting their domestic market". | He also acknowledged that although he had earlier said a deal with India might be "imminent", it needed to be understood that Delhi's trade policy has been "protectionist for a very long time" and has been "premised on strongly protecting their domestic market". |
| Greer added that Trump has been focused on securing deals that substantially open other markets to the US. | Greer added that Trump has been focused on securing deals that substantially open other markets to the US. |
| Agriculture and dairy are among the key sticking points for both countries. | Agriculture and dairy are among the key sticking points for both countries. |
| For years, Washington has pushed for greater access to India's farm sector, seeing it as a major untapped market. But India has fiercely protected it, citing food security, livelihoods and the interests of millions of small farmers. | For years, Washington has pushed for greater access to India's farm sector, seeing it as a major untapped market. But India has fiercely protected it, citing food security, livelihoods and the interests of millions of small farmers. |
| Last week, Indian Commerce Minister Piyush Goyal told CNBC that the agriculture sector is sensitive for India and that it will make sure that farmers' interests are "well protected". | Last week, Indian Commerce Minister Piyush Goyal told CNBC that the agriculture sector is sensitive for India and that it will make sure that farmers' interests are "well protected". |
| Goyal also told news agencies that India remains "optimistic" about striking a deal with Washington soon. | Goyal also told news agencies that India remains "optimistic" about striking a deal with Washington soon. |
| Speaking to Reuters, he said that India was making "fantastic progress" in talks with the US and that he hoped they were able to "conclude a very consequential partnership". | Speaking to Reuters, he said that India was making "fantastic progress" in talks with the US and that he hoped they were able to "conclude a very consequential partnership". |
| Until recently, the US was India's largest trading partner, with bilateral trade reaching $190bn in 2024. Trump and Modi have set a target to more than double this figure to $500bn. | Until recently, the US was India's largest trading partner, with bilateral trade reaching $190bn in 2024. Trump and Modi have set a target to more than double this figure to $500bn. |
| India has already reduced tariffs on a range of goods - including Bourbon whiskey and motorcycles - but the US continues to run a $45bn (£33bn) trade deficit with India, which Trump is keen to reduce. | India has already reduced tariffs on a range of goods - including Bourbon whiskey and motorcycles - but the US continues to run a $45bn (£33bn) trade deficit with India, which Trump is keen to reduce. |
| Follow BBC News India on Instagram, YouTube, Twitter and Facebook. | Follow BBC News India on Instagram, YouTube, Twitter and Facebook. |