US President Donald Trump announced on Wednesday, 30 July a 25% tariff on Indian imports, effective 01 August, alongside an unspecified “penalty” for India’s ongoing purchases of Russian military equipment and energy. Trump cited India’s high tariffs and trade barriers. Additionally, six India-based companies were sanctioned for trading Iranian petroleum and petrochemicals. India’s Commerce Ministry is currently assessing the implications and is seeking for a fair bilateral trade agreement. This development follows months of trade deal discussions. Businesses should anticipate increased costs for Indian imports and potential supply chain disruptions due to new tariffs and sanctions.