Trump raises tariffs on India, Canada, Brazil and others over stalled trade deals
1. Trump substantially raises tariffs on imported Indian goods to 25%. 2. Tariffs target India's trade imbalance and oil dealings with Russia. 3. India's trade deficit with the U.S. was nearly $46 billion in 2024. 4. Total trade between the U.S. and India is valued at $130 billion. 5. India's high tariffs and oil practices impede trade negotiations.