NEW DELHI, INDIA: Indian opposition parties criticized the government on Thursday, describing US President Donald Trump’s threat of a 25 percent tariff as a diplomatic failure for New Delhi, while the rupee currency tumbled and equity indexes slid in response to the news. The 25 percent rate would single out India more harshly than other major trading partners, and threatens to unravel months of talks, undermining one of Washington’s strategic partners in the region, viewed as a counterbalance to China.

Trump hints at 20-25% tariff on India, claims trade deal is working well, while India progresses towards a BTA with US.

India has changed basically more tariffs than almost any other country, "but now I am in charge, and you just can't do that," the US President stressed