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Trump says US does very little business with India, almost none with Russia
Published by Global Banking & Finance Review®
Posted on July 31, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on July 31, 2025
1 min readLast updated: January 22, 2026
Trump criticizes US trade with India and Russia, announces a 25% tariff on Indian imports. India is evaluating the impact and aims for a fair trade deal.
(Reuters) -U.S. President Donald Trump said that the United States has done very little business with India, and that Russia and the U.S. do almost no business together.
"I don't care what India does with Russia", he said in a Truth Social post on Thursday, adding that "they can take their dead economies down together, for all I care".
In an earlier Truth Social post on Wednesday Trump talked about India's trade with Russia when announcing the U.S. would impose a 25% tariff on goods imported from India starting on Friday.
In response to the earlier Truth Social post, the Indian government said it was studying the implications of Trump's announcements and remained dedicated to securing a fair trade deal.
Trump said that India has always bought a vast majority of their military equipment and energy from Russia, which was "not good".
(Reporting by Chandni Shah in Bengaluru; Editing by Christian Schmollinger)
Trump stated that the United States has done very little business with India.
The US announced a 25% tariff on goods imported from India starting on Friday.
The Indian government said it was studying the implications of Trump's announcements and remained dedicated to securing a fair trade deal.
Trump expressed concerns that India has always bought a vast majority of their military equipment and energy from Russia, which he described as 'not good'.
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