Trump Imposes New Tariffs on India and Copper Imports, Trade Talks with China Continue
President TRUMP announced a 25% tariff on goods from India, set to take effect on August 1, citing unfair trade practices and India's military equipment purchases from Russia. The decision underscores stalled negotiations ahead of Trump's self-imposed deadline for a broader trade deal.
Separately, the WHITE House imposed a 50% tariff on certain copper imports, including semi-finished products, citing national security concerns. Copper scrap and input materials were exempted from the new measures.
Trade discussions between the U.S. and China concluded in Sweden with both sides reporting progress, though no immediate agreement was announced. Trump reaffirmed a 15% tariff floor for countries without trade deals, signaling a hardening stance on global trade policy.
