US India Trade Deal: After imposing heavy tariffs on 14 countries, US President Donald Trump has said that a major trade agreement between the US and India could be completed soon. He made this statement during a private dinner with Israeli President Benjamin Netanyahu.

Trump said, “We are very close to an agreement with India.” He also informed that the US has already signed a trade agreement with the United Kingdom (UK) and China. This strategy of the Trump administration is considered to be a part of a large plan to re -shape global trade relations and establish America’s strength through tariffs.

America’s need to reduce trade deficit: Trump

The US President has said that the countries which do not accept the trade conditions of America, will soon have to face new tariffs i.e. tax. He said, “We have reached a good agreement with some countries. Some are going to happen soon with some, but we will send a new tax notice to the countries which will not accept our conditions.” Trump said that these taxes are necessary to reduce America’s trade deficit and strengthen the country’s economy and security.

Indo-US trade agreement may be held on 9 July

Sources told the news agency PTI that if the existing differences are resolved, the interim trade agreement between India and the US could be announced before 9 July. The two countries started a discussion on the bilateral trade agreement – BTA in February this year, which targets to complete the first phase by September -October. At the moment, the two countries are seriously trying to finalize an interim trade deal, so that the path of the final agreement can be easier.

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Trump’s ‘tariff bomb’, heavy tax of up to 40% imposed on 14 countries, warned and said- ‘So we are equally …’

New us tarifs 2025: US President Donald Trump has announced to impose new business tax (tariff) on 14 countries on Monday (July 8, 2025). The highest 40 percent fee has been levied on Myanmar and Laos. These new rules will be applicable from August 1.

Trump gave information about these tariffs on his social media platform Truth social. He informed that official letters related to this decision have been sent to the leaders of all countries. Trump described it as a new wave of tariff letters.

Trump gave this warning of 14 countries

Trump has warned in a strict tone in the official letters sent to 14 countries that if they increase tariffs (fees) on the US under revenge, then America will add more tax. He clearly wrote, “If you increase your tariff for any reason, the more you have increased, the more additional tax on it will be added to it.”

Trump told why tariff is necessary for America

He also said that these new tariffs are necessary so that those years old wrong policies can be improved in which a huge trade deficit was imposed on America. According to Trump, these policies have included both tariffs and non-tariff bottlenecks. Trump said, “This trade deficit on America is not only a big threat to our economy, but also for national security.”

Why did Trump choose Japan and South Korea first?

When the White House Press Secretary Caroline Lewitt was asked why these two countries were first selected, he said, “This is the privilege of the President. He selected the countries he considers appropriate.” Caroline further stated that the Trump administration is close to finalizing the agreement with several other business partners. He said, “The President wants these deals to prove to be the best for America.”

How much tax on which countries?

1. Myanmar- 40%
2. Lao People’s Democratic Republic (Laos)- 40%
3. Cambodia- 36%
4. Thailand- 36%
5. Bangladesh- 35%
6. Serbia- 35%
7. Indonesia- 32%
8. South Africa- 30%
9. Bosnia and Herzegovina- 30%
10. Japan- 25%
11. Kazakhstan- 25%
12. Malaysia- 25%
13. South Korea- 25%
14. Tunisia- 25%

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Trump’s sword on Japan and South Korea, sent 25 percent tax letter

Us Donald Trump Tariff on India: According to a new report by CARAEGE ratings, India may face export losses of $ 3.1 billion (about Rs 25,700 crore) due to a possible new tariff to be declared by US President Donald Trump. This figure is equal to about 0.1 percent of India’s GDP (GDP), which can become a matter of concern for the Indian economy.

According to Smita Rajpurkar, director of CARAIGE Ratings, increasing tariffs may have a serious impact on India’s major export areas, including many areas. For example, textile and garment industry, automobiles and auto parts include IT and pharmaceuticals. Explain that a huge amount of cloth is exported to America from India, which will be affected by increasing tariffs. The Indian auto sector is already facing recession, so it can be further affected by the new tariff. India’s IT and pharmaceutical companies make good profits from the US market. Increasing tariffs will increase cost, which can reduce the competitive capacity of Indian companies.

Possible impact of tariff on India
If US President Donald Trump announces a tariff on India, then many types of major effects can be seen, which is not being considered right for the Indian economy in any way.

Exports fall: Increased tariffs will cost Indian companies to send goods to America, which can reduce their demand.
Putstation in currency: Indian rupee can weaken due to increasing business tension with America, which will make imports expensive and inflation can increase.
Investment reduction: Global investors can avoid investing in India due to increasing trade stress, which can affect Indian stock market.
Business war threat: The report also warns that if the global trade war broke out, it can increase the instability in the Indian economy and negatively affect financial stability.

Can India overcome this crisis?
India will need to adopt some strategies to overcome this crisis, such as focus on other export markets. Along with this, insisting on increasing trade with Europe, Africa and Asian countries by reducing dependence on America. The local industry will have to provide subsidy and tax relief so that they can withstand the impact of the new tariff and maintain competition. India will have to talk to the US on new business treaties, so that economic balance can be maintained.