Gofrixty [31 July 2025] – Donald Trump reportedly warns India Former US President Donald Trump has warned India that if he comes back to power he will slam with a fine on Indian exports, in the shape of submission to Increase tariffs to 25%. He also said India will have to feel “the pain” for continuing Russian oil purchases and defense purchases, a “disrespectful” action relative to U.S. interests.
Trump announced the imposition of the helalo tariffs at a campaign rally in Ohio, and took a jab at other countries who, according to him, “take advantage of American trade while cozying up to our enemies.” He singled out India, whose government he said had disregarded U.S. concerns about the deepening of India’s energy and military links to Russia.
The markets reacted immediately. The Indian rupee slipped to ₹87.72 against the U.S. dollar, close to its weakest point this year, and the Sensex and Nifty50 indexes were both trading heavily in the red at the open. The country’s largest export market is the United States, and investors sold off stocks in heavily export-reliant sectors, such as textiles, auto parts and pharmaceuticals over fears that they would have less access to the American market.
