Trump says India may pay 20% to 25% tariff, trade deal not finalised

United States President Donald Trump said on Tuesday that the trade deal with India had not been finalised and New Delhi could be hit with a tariff rate of 20% to 25%, Bloomberg reported.
Trump added that the final rate of levy had also not been finalised as India and the US were negotiating the agreement ahead of the August 1 deadline.
“India has been a good friend, but India has charged basically more tariffs than almost any other country,” Trump said aboard Air Force One as he returned to Washington from Scotland. “You just can’t do that.”
Trump made the comments while responding to reporters’ questions about the so-called reciprocal tariffs Washington plans to reimpose on dozens of countries that have not negotiated separate trade agreements with the US by August 1.
Trump announced higher levies in April, before pausing those tariffs at a reduced 10% rate to allow time for negotiations. Despite an extended deadline,...
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