Trump warns India of 25% tariff, cites ‘unfair’ trade terms
US President Donald Trump hinted India may face a 25% tariff, citing "very high" duties on US goods. Talks are ongoing, but India has refused to open its dairy, auto, and GMO crop sectors. A final deal is expected by October. The SPY ETF rose 9% YTD vs INDA's 1.6%, with traders watching US-India tensions and Fed updates closely.