Government reacts to Trump's tariff announcement, says studying its implications

The government on Wednesday said it is studying the implications of US President Donald Trump's announcement to impose 25 per cent tariffs on Indian goods, along with a penalty from August 1.

Trump announced the imposition of a 25 per cent tariff on all goods coming from India, plus an unspecified penalty for buying military equipment and crude oil from Russia.

"The Government has taken note of a statement by the US President on bilateral trade. The Government is studying its implications," an official statement said.