Senator Tim Scott, RS.C., joins ‘mornings with Maria’ to discuss the senate bank committee that promotes a two -part housing account in the neighborhood, making citizens a easier road to home ownership and the trade agreement of President Donald Trump.
President Donald Trump announced on Wednesday that the US would impose a rate of 25% on imports from India, which called what he called the “annoying” trade barriers and purchases of Russian military equipment and energy of the South Asian country, while the war in Ukraine extends to a fourth year.
“Don’t forget, although India is our friend, we have done relatively few business with them over the years because their rates are far too high, one of the highest in the world, and they have the most strenuous and annoying non-monetary trade barriers of each country,” Trump wrote on social media on Wednesday. “They have also always bought a vast majority of their military equipment from Russia and are the largest buyer of Russian energy, together with China, at a time when everyone wants Russia to stop the murder in Ukraine – all things are not good! India will therefore pay a rate of 25%, plus a penalty on August on August.
In a follow -up post, Trump added: “We have a huge trade deficit with India !!!”
The trade deficit of the American goods with India was $ 45.7 billion in 2024, which represents an increase of 5.4% compared to 2023, according to the office of the US trade representative.
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President Donald Trump walks on the South Lawn of the White House after arriving at Marine One in Washington, DC, US, on Tuesday, July 29, 2025. (Bonnie Cash/Upi/Bloomberg via Getty Images/Getty Images)
In 2024, the American total goods trade with India was an estimated $ 129.2 billion. According to the representative’s office, the export of US goods to India last year was $ 41.8 billion, an increase of 3.4% compared to 2023. The import of American goods from India was $ 87.4 billion in 2024, which represented an increase of 4.5% compared to the previous year.
Trump said that August 1 would be the “hard deadline” for unleashed “Liberation Day” mutual rates against countries that have not sufficiently reduced deal with the US that he initially devised on 2 April “Liberation Day” for the radical rates, but the implementation for 90 days to go through.
In the meantime, the president is under pressure to make his campaign blade to end the war in Russia-Ukraine. On Tuesday he gave Russian leader Vladimir Putin a 10 -day deadline to stop the fighting.
Although India is a member of the “quad” alliance with the US, Japan and Australia to combat Chinese activities in the region, New Delhi has long been familiar with the Russians for the country’s weapon equipment. India has recently shown interest in diversifying its portfolio with more defense purchases from the US, France and Israel.
President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office in the White House on 13 February 2025 in Washington, DC. (Andrew Harnik / Getty Images / Getty images)
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The Trump government has expressed that deepening American ties with India would be strategically important to combat China.
In February, Trump welcomed Indian Prime Minister Narendra Modi in the White House as one of the first world leaders who arrived to start trade discussions. Modi expressed an ambitious goal to increase bilateral trade to $ 500 billion in 2030, because the Trump administration bowed to lower the almost $ 50 billion American deficit with India by raising American energy exports to the country.
Vice President JD Vance gives comments in the Rajasthan International Center on April 22, 2025 in Jaipur, India, aimed at the shared priorities of the US and India. (Kenny Holston – Pool / Getty Images / Getty images)
Trump and Modi also announced plans to increase the sale of American defense systems to India in the next 10 years, including F-35 Stealth Fighter Jets.
The White House said in a statement that the framework of the American Major Defense Partnership also involved the two leaders who promised “to increase military cooperation in all domains, country, sea, space and cyberspace-through improved training, exercises and operations, with the latest technologies.” The statement said that Trump and Modi are also “committed to breaking a new site to support and support the overseas implementations of the American and Indian soldiers in the Indo-Pacific, including improved logistics and information.”
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Vice-president JD Vance met Modi during a four-day visit to India in April, and at the time praised the progress that was made during the current commercial interviews. Vance criticized earlier American administrations for finding a cheap source of labor in India and said that increased cooperation between the two countries would lead to a “peaceful and prosperous” 21st century. The alternative, then VANCE warned, would be a ‘dark time for all humanity’.
