Trump announces 25% tariff rate on India starting Aug. 1
President Donald Trump announced on Wednesday morning that India will be paying a tariff of 25% starting on Aug. 1.
"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," Trump wrote on his conservative social media platform.
"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," Trump continued.

If Trump does follow through on his tariff plan for India, it would likely impact the generic drugs that Americans use. For drugs such as ibuprofen, aspirin, and antibiotics, the U.S. relies on producers in countries such as India, which is one of the largest producers and exporters of generic drugs.
-ABC News' Hannah Demissie





