July 30 (UPI) -- President Donald Trump announced Wednesday he will not only levy a 25% tariff on India but will add an additional financial "penalty" as well.
In a Truth Social post Trump complained that while "India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high," which he alleges are among the highest imposed by any nation.
"They have the most strenuous and obnoxious non-monetary trade barriers of any country," he said.
Trump also accused India of buying "a vast majority of their military equipment from Russia and are Russia's largest buyer of energy" at a time when Russia continues its war on Ukraine.
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