U.S. President Donald Trump said Tuesday that India could face a tariff of 20–25%, slightly below the 26% rate announced in April, though a final decision has yet to be made as trade talks continue ahead of the August 1 deadline. When asked if that rate was likely, Trump replied, “I think so,” while noting, “India has been a good friend, but India has charged basically more tariffs than almost any other country. You just can’t do that.” A tariff of 20% or higher would disappoint India, which had hoped for a better deal than the 19% offered to Indonesia and the Philippines. Bloomberg News previously reported that both countries were exploring a compromise to bring the rate below 20%, but progress was slow as India pushed back against U.S. demands to open up its agricultural and dairy markets.
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