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	Forwarded this email? Subscribe here for more President Trump says he will levy 25% import tariff on India starting August 1st MacDailyNews Jul 30   READ IN APP   President Donald Trump holds a signed executive order on tariffs, in the Rose Garden at the White House in Washington, D.C., April 2, 2025. U.S. President Donald Trump announced a 25% tariff on India effective August 1st and indicated an additional penalty related to India’s energy purchases from Russia. President Trump via Truth Social, July 30, 2025 at 8:09am EDT: ‎ Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA! In a quick series of subsequent posts, just minutes thereafter, Trump wrote, “THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!… AUGUST FIRST, A GREAT DAY FOR AMERICA!!!… WE HAVE A MASSIVE TRADE DEFICIT WITH INDIA!!!” ‎ MacDailyNews Take: India’s energy purchases from Russia are likely being used to fund Russia’s invasion of Ukraine, so, hopefully, the penalty can help curtail India’s purchases of Russian energy and help to finally bring about an end to the hostilities in Ukraine. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post President Trump says he will levy 25% import tariff on India starting August 1st appeared first on MacDailyNews. Invite your friends and earn rewards If you enjoy MacDailyNews, share it with your friends and earn rewards when they subscribe. Invite Friends   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe