President Trump announced a 25% tariff on imports from India starting August 1, following hints during a press briefing on Air Force One. Although he indicated that the tariff rate had not been finalized, he affirmed its implementation was forthcoming. Previously, imports from India faced a 26% tariff, which had been paused in favor of a 10% baseline. The U.S. imported approximately $87 billion in goods from India last year, while exporting around $42 billion, highlighting India’s significant role in U.S. trade.

Source: https://www.supplychaindive.com/news/trump-tariffs-india-25-percent-aug-1/756217/