President Donald Trump announced 25% tariff on Indian imports starting August 1, citing trade imbalance and Russia ties.

President Donald Trump said Wednesay that he’ll impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil. Trump said on his Truth Social platform that India “is our friend” but its “Tariffs are far too high” on U.

The United States has agreed a trade deal with South Korea that will subject South Korean imports to a 15% tariff rate, President Donald Trump said on Wednesday. South Korea will also invest $350 billion in the United States and purchase $100 billion in U.

South Korea and the United States said they reached a deal that would set U.S. tariffs on most South Korean goods at 15% in return for $350 billion in investment in the U.S.