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.

The U.S. slapped a 26% reciprocal tariff on India in a setback to the South Asian country's expectation of getting relief from President Donald Trump's global trade policy that has unnerved world markets for weeks.