00:00US President Donald Trump says imports from India will now face a 25% tariff ahead of
00:06the August 1st deadline.
00:08Trump also says that tariff's deadline will not be extended and has signaled dozens of
00:12other countries that will face a new baseline tariff level of as much as 20%.
00:17India is one of the top sources of imports for American consumers and companies with
00:23nearly US$90 billion of goods flowing in from India last year.
00:27Total bilateral goods trade reached US$129 billion in 2024, with India recording a surplus
00:35of nearly US$46 billion.
00:39The announcement comes ahead of a Friday deadline for countries to negotiate new trade terms
00:43that Trump also said on Wednesday stands strong and will not be extended.
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