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Trump raising tariffs on India; US trade gap narrows

SmartBrief Thursday, 7 August 2025 ()
President Donald Trump announced an additional 25% tariff on imports from India, eventually bringing the total rate to 50%.  -More- 
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News video: Breaking: Trump Threatens To ‘Substantially’ Raise Tariffs On India Over Russian Oil | US Vs India

Breaking: Trump Threatens To ‘Substantially’ Raise Tariffs On India Over Russian Oil | US Vs India 03:08

 Trump has threatened to "substantially" raise tariffs on India if it continues large-scale imports of discounted Russian oil. The warning comes amid rising U.S. pressure on nations bypassing Western sanctions on Moscow. Trump’s remarks have sparked concern in New Delhi, which defends its energy...

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