US President Trump announces 25 per cent tariff on India from Aug 1

US President Donald Trump has announced a 25 per cent tariff on India from Aug 1, amid signs of some stalemate in the ongoing negotiations between the two countries on a bilateral trade deal.Trump, announcing the tariff, listed India's high tariffs, its procurement of "vast majority" of military equipment and energy from Russia as well as "obnoxious non-monetary trade barriers".