Trump Signals New India Tariffs as US-China Trade Talks Conclude Without Pause
President TRUMP indicated potential 20-25% tariffs on Indian goods, citing unequal tariff structures days before his August 1 deadline for trade deals. The announcement comes as US-China negotiations in Sweden concluded without extending their 90-day tariff truce, set to expire August 12.
Treasury Secretary Scott Bessent confirmed Trump's ultimate authority on whether to prolong the trade ceasefire between the economic superpowers. Meanwhile, US-EU negotiators scramble to finalize agreements before Friday's deadline for non-China trade partners.