Today, in a social media post, President Trump said that his administration plans to impose a 25% tariff on products imported into the US from India starting August 1st.

“Remember, while India is our friend, over the years we have done relatively little business with them because their tariffs are far too high. They are among the highest in the world, and they have the most strenuous and obnoxious non-monetary trade barriers of any country,” President Trump said on Truth Social.

He also warned of a “penalty” against India for purchasing weapons and energy from Russia. RIM logistics, ltd. will continue to closely monitor this evolving situation and provide updates as necessary. Please reach out to your RIM representative if you have any further questions.