Trump says ‘good friend’ India may face up to 25% tariffs
JULY 30 - India could face tariffs as high as 25% if it fails to finalise a trade deal with the US this week, President Donald Trump has said. Kenya breaking news | Kenya news today |..
✨ Key Highlights
US President Donald Trump has warned that India could face tariffs as high as 25% if a trade deal is not finalized by the August 1 deadline. Trump, who referred to India as a "good friend" but also a "tariff king," aims to reduce the significant US trade deficit with the country.
- Potential tariffs could reach up to 25% for India if a trade agreement is not reached by August 1.
- President Donald Trump criticized India's high tariffs, calling it a "tariff king" and a "big abuser" of trade ties.
- Key sticking points in negotiations include access to India's agricultural and dairy sectors, which India fiercely protects due to food security and the livelihoods of millions of small farmers.
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Global Trade Tariffs and Economic Impact - July 2025
The Eurozone's Gross Domestic Product (GDP) increased by a modest 0.1 percent in the second quarter of 2025, according to Eurostat, indicating a slowing trend in economic expansion. Adidas announced plans to raise prices for US customers, citing an anticipated €200 million cost increase due to new US tariffs, primarily affecting products manufactured in Asia. Adding to global trade tensions, US President Donald Trump warned India could face tariffs as high as 25% if a trade deal is not finalized by the August 1 deadline, aiming to reduce the significant US trade deficit with the country.
