The US imposition of 25% tariffs is expected to have minimal impact on India, with over half of Indian exports remaining unaffected due to existing exemptions. Trade between the two nations reached $131.

India has communicated to the US its disinterest in purchasing the F-35 stealth fighter jets, emphasizing a preference for a partnership in domestic defense manufacturing. Concurrently, President Trump announced a 25% tariff on Indian exports,

The comments by top Trump administration officials came a day after Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.