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Tariffs on India: America's New Favorite Budget Drama

Tariffs on India: America's New Favorite Budget Drama
Photo by JJ Jordan on Unsplash

In a twist even soap operas would envy, President Trump dropped that India might get slapped with a 20% to 25% tariff—"though a deal isn't finalized." The U.S. really out here acting like "it's complicated" is a valid relationship status with global trade. While India's exports include pharmaceuticals and bling-worthy gold, U.S. exports to India face "among the highest" tariffs at 17%. Fun fact: The $45.7 billion trade deficit with India has nearly doubled since Trump first ghosted office. Stay tuned—this international Netflix saga is far from over!

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Source: Axios | Published: 7/29/2025 | Author: Ben Berkowitz

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