Trump said that India imposes high tariffs on American goods, in response to which this “reciprocal tariff” has been imposed. This tariff will be effective from August 1, 2025. Now the talks on this can resume after the second week of August.

This could have a profound impact on Indian exporters, especially in the automobile, pharmaceutical, and gem and jewelry sectors. The Indian government has begun studying the decision and has talked about accelerating trade talks. Experts believe that this tariff could put pressure on India’s economy and the value of the rupee.

Trump had already indicated

Earlier, Donald Trump had said that India could face import duties (tariffs) of up to 25% if the India-US trade deal is not finalized this week. On Tuesday, when reporters asked him whether India would have to pay higher tariffs if there is no deal, Trump replied, “Yes, I think so.”

The US had given India and some other countries a deadline of August 1. It was said that either they should reach a trade agreement by this date or they would have to face increased tariffs.

The conversation had been going on for a long time.

For the past few months, Indian and American officials have been negotiating this trade deal, but at times they have appeared optimistic and at other times on alert mode. It was not clear when the agreement would be reached and what it would entail.

When asked what he expects from India in a potential deal, Trump said, “We’ll see what happens. India has been a good friend, but India has put up more tariffs than almost every other country so far.” He added, “But now I’m in charge, and it can’t go forward.”

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Now in this series, Vice President J.D. Vance sparked a new debate on Thursday by saying that the new gold or green card immigrants proposed by Trump do not have the right to live in the US forever.

In an interview with Laura Ingraham, host of ‘The Ingraham Angle’ on Fox News, J.D. Vance said, “Getting a green card does not give its holders the right to live in the United States indefinitely.” It’s not even fundamentally about freedom of speech. It’s about national security, but more importantly, it gives us the power to decide who we can include in our national community as American citizens. If the Secretary of State or the President decides that this person should not be in the United States, and that they have no legal right to be here, that should be the only consideration.

Notably, on February 26, Trump said in the White House, “The rich and successful can get these visas. They’re going to invest a lot of money, pay a lot of taxes, hire a lot of people, and I think it’s going to be very successful.” Commerce Secretary Howard Lutnick said the “Trump Gold Card” would replace the EB-5 visa within two weeks. The EB-5 visa was introduced by the US Congress in 1990 to target foreign investment and is available to individuals who invest up to US$1 million.

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