President Donald Trump slapped India with some of the highest tariff rates imposed on any major US trading partner, saying his good personal ties with Prime Minister Narendra Modi did not affect his decision.

US President Donald Trump announced a 26% tariff on Indian imports, stating that India imposed higher duties on American goods. During a joint press conference, Trump spoke of the uneven trade conditions and stressed the need for negotiations to establish a more balanced trading relationship.

Speaking about India, Trump highlighted that New Delhi was ‘very, very tough’, adding that Prime Minister Narendra Modi is a great friend of his.

Indian shares are set to open lower on Thursday after U.S. President Donald Trump imposed a 26% reciprocal tariff on imports from the South Asian nation.

Donald Trump's sweeping tariffs have shaken global trade, but disruption often creates opportunity. Starting 9 April, Indian goods will face tariffs of up to 27% (Trump's tariff chart lists India's rate as 26%,

Tariff king.” A “big abuser” of tariffs. A “very high tariff nation.” US President Donald Trump has repeatedly made it clear over the years what he thinks of India’s protectionist trade policies.