Trump tariffs: Canada rate raised as deal deadline hits

Source: DW | Original Published At: 2025-08-01 10:59:37 UTC

Key Points

• Trump raises Canadian steel/aluminum tariffs to 35% effective Friday
• US-India trade negotiations underway to avoid 25% Indian export tariffs
• Potential $40B impact on Indian exports threatens strategic Asia alliance
• Trump threatens additional penalties over India's Russia trade and BRICS membership

08/01/2025 August 1, 2025 India engaged in trade talks with US

India is in trade talks with the United States to avoid a 25% tariff on Indian exports announced by President Donald Trump.

A US delegation is expected in New Delhi later this month, a source told the Reuters news agency.

“We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward,” India’s foreign ministry said in a statement.

Analysts warn the tariffs could hit $40 billion in Indian exports and strain ties with the key US ally in Asia.

On Wednesday, Trump also threatened to impose more penalties on India due to its trade with Russia and its membership in BRICS, a group of major emerging economies.