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NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.”
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Trump’s Wednesday announcement came as India and the U.S. are still negotiating a trade deal that has faced roadblocks after it was first announced when Indian Prime Minister Narendra Modi met Trump in Washington earlier this year.
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It also comes at a time when ties between India and the U.S. appear to have taken a hit even as Modi and Trump share a warm relationship.
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Here is how India, a strategic partner of the U.S. in Asia, ended up facing steep tariffs:
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February
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Trump imposes tariffs on Canada, Mexico and China. He initially spares India, despite repeatedly calling the country a “tariff king,” but threatens that high tariffs are coming.
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February 14
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Modi meets Trump in Washington in an effort to resolve trade concerns. Trump again warns of higher U.S. tariffs on Indian goods.
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India and the U.S. agree to work on a trade deal and expand bilateral trade to $500 billion by 2030. They don’t share details as to how the target would be achieved.
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Modi says he expects a deal to be completed later this year.
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March 3
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India’s trade minister, Piyush Goyal, visits Washington and meets his counterparts to initiate negotiations for the bilateral trade agreement.
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April 21
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U.S. Vice President JD Vance meets Modi in New Delhi and says both sides are making progress on trade talks.
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India and the U.S. also finalize the terms of reference for the trade negotiation, bringing them a step closer to an agreement.
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May 10
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Trump says he stopped military hostilities between India and Pakistan by offering possible trade concessions to both. India is angered by Trump’s claims and disputes them.
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May 17
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Trade minister Goyal leads a team of senior Indian officials to Washington for more negotiations. India’s commerce secretary says the proposed bilateral trade agreement is progressing “very well.”
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June 27
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Trump signals a deal may be close. “We’re having some great deals. We have one coming up, maybe with India, a very big one, where we’re going to open up India,” he says.
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July
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An Indian trade delegation visits Washington for another round of discussions, which end without reaching a breakthrough.
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July
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Goyal says India is ready to make trade deals in “the national interest,” but not just to meet deadlines.
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July 31
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Trump imposes 25% tariffs on Indian imports. He warns of further penalties for India because of its buying of Russian oil, and calls its economy “dead.”
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August 6
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Trump vows an additional 25% import taxes on India to punish the country for its purchases of Russian oil, bringing combined tariffs to 50%. The tariffs are set to go into effect after 21 days.
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English (US)