Trump's tariff threat will severely damage India's exports.

India may soon face a tough situation. President Trump posted on Truth Social on Wednesday that India will pay a 25% tariff and a fine related to the purchase of Russian military equipment and Russian energy. The tariff and fine will be implemented starting from August 1. New Delhi had hoped for a more favorable tariff rate than Indonesia and the Philippines, but now they have to adjust their expectations for the temporary agreement reached before August 1. However, Indian officials have not given up their efforts, believing that the impact of the tariff is just a temporary setback, with larger negotiations still scheduled for the fall.