Trump Says India Proposed to Reduce US Tariffs to Zero, But It's Already Too Late
U.S. President Donald Trump stated that after the United States imposed a 50% tariff on India last week due to its purchase of Russian oil, India has now proposed to reduce its tariff rates.
"They have now proposed to lower the tariffs to zero, but it is already too late. They should have done this years ago," Trump wrote on the social platform Truth Social on Monday. It is currently unclear when India made this proposal, nor is it clear whether the White House plans to restart trade negotiations with India.
The new U.S. tariffs have doubled the tariff rate on Indian exports from the original 25%. These tariffs affect more than 55% of goods shipped to the United States—America is also India's largest market—and have hit labor-intensive industries such as textiles and jewelry the hardest. Major export goods such as electronics and pharmaceuticals are exempt, and Apple's massive new factory investment in India has temporarily escaped impact.
The tariffs shocked Indian officials, who had previously engaged in months of trade negotiations with Washington. India was one of the first countries to start trade talks with the Trump administration, but its high tariffs and protectionist policies in sectors such as agriculture and dairy have frustrated U.S. negotiators.
India's Ministry of External Affairs did not respond to requests for comment outside of working hours, and the White House also did not immediately respond. The Office of the United States Trade Representative likewise did not respond immediately.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin's Bearish Momentum vs. Gold's Bullish Breakout: A Macro-Driven Reallocation in Late 2025
- In late 2025, Bitcoin faces bearish momentum while gold hits record highs, driven by institutional capital reallocation amid macroeconomic shifts and regulatory clarity. - Bitcoin’s 30% August correction to $75,000 and 3.68M BTC institutional accumulation highlight its equity-like volatility and susceptibility to Fed policy shifts. - Gold surges to $3,534/oz on 710 tonnes of central bank purchases and $19.2B ETF inflows, reinforcing its role as a safe-haven asset against inflation and geopolitical risks.
Ethereum ETFs Surpassing Bitcoin in Institutional Adoption: Why Ethereum is Now the Preferred Crypto Asset for Institutional Portfolios
- Ethereum ETFs outpaced Bitcoin in 2025 institutional inflows, driven by yield generation, regulatory clarity, and technological upgrades. - Ethereum’s 4.5–5.2% staking yields and CLARITY Act utility token reclassification attracted risk-averse investors over Bitcoin’s speculative profile. - Dencun/Pectra upgrades reduced gas fees by 94%, boosting Ethereum’s DeFi TVL to $223B and enabling a 60% portfolio allocation to Ethereum-based products. - Ethereum derivatives open interest surged to $132.6B (vs. Bit
The Dollar's Decline and the Rise of Digital and Physical Safe Havens
- U.S. dollar's share in central bank reserves fell to 57.74% in Q1 2025 from 71% in 2001, driven by diversification into gold and digital assets. - Central banks purchased 166 tonnes of gold in Q2 2025, with 76% expecting increased gold holdings by 2030 as geopolitical hedging strategy. - CBDCs and cryptocurrencies are reshaping portfolios, with BRICS digital systems challenging dollar dominance while U.S. stablecoins counter de-dollarization. - Investors now prioritize green bonds, emerging markets, and
Bitcoin News Today: Bitcoin at Crossroads: Red September, Fed Moves, and Halving Weigh on Market Fate
- Bitcoin trades near $108,500 amid bearish short-term momentum despite 2025 all-time highs above $120,000. - Technical indicators show oversold RSI below 30, but falling trend channels and key support at $101,300 signal negative near-term outlook. - "Red September" history, Fed rate cut expectations, and $751M ETF outflows heighten volatility risks as whale accumulation accelerates. - Long-term holders maintain confidence with declining exchange reserves, while halving anticipation and sub-cycle NVT metri
Trending news
MoreCrypto prices
More
