The BGA India team, led by Managing Director Anuj Gupta, wrote an update to clients on the new 25 percent U.S. tariff on India. Context Two days ahead of the U.S. tariff deadline on August 1, President Donald Trump, through his Truth Social platform, announced that the United States will levy 25 percent tariffs on India —one percentage point lower than the 26 percent announced April 2. While referring to India as a friend, Trump said he imposed the tariffs on the country due to its long-standing … Continue Reading