Amid the continuing row over the tariffs and penalties imposed by the Trump administration on India, citing India’s commerce relations with Russia, the US-India Business Council (USIBC) stated on Thursday (August 7, 2025) that it’s “time to redouble our efforts, not pull apart.”
U.S. President Donald Trump on Wednesday (August 6) signed an govt order imposing a further 25% tariff on imports from India, in response to India “directly or indirectly” importing oil from Russia. This is over and above the 25% tariff on Indian imports that Mr. Trump accredited on July 31.
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Ambassador (ret.) Atul Keshap, President, USIBC, in an announcement stated, “The partnership the United States and India have forged in recent years has brought significant mutual benefits, and our elected leaders should be proud of all they’ve accomplished.”
“The business community sees our shared strategic interests and complementary economies as powerful arguments to continue on this path. It’s time to redouble our efforts, not pull apart. Business stands ready to help.”, he added.
Earlier, the Ministry of External Affairs (MEA) responded to these newest developments, saying it has made its stand clear — via an earlier assertion following Mr. Trump’s risk of further tariffs — that these actions have been “unfair, unjustified and unreasonable”. It was “extremely unfortunate” that the U.S. has chosen this plan of action, the MEA stated.
