US President Donald Trump has announced a 25% tariff on all Indian imports, effective August 1, along with an unspecified penalty targeting India's defence and energy ties with Russia. Calling India's tariffs "among the highest in the world,

President Donald Trump says the United States and India are still negotiating on trade despite new tariffs slated to begin in a few days.

The president also touted agreements over hundreds of billions of dollars in foreign investment into the United States.