Goa, July 31 -- The Indian government is assessing the impact of a new 25% tariff and penalty imposed by former U.S. President Donald Trump on imports from India, Commerce and Industry Minister Piyush Goyal informed Parliament on Thursday, July 31.

The move follows Trump's post on Truth Social a day earlier, where he announced punitive trade measures against India. He cited India's tariff and non-tariff barriers, along with its ongoing energy and defense cooperation with Russia, as justification.

Mr. Goyal said the government is examining the implications of the development and is in close consultation with all stakeholders-including exporters and industry associations-to gauge the potential economic fallout.

"The Ministry of Commerce ...