US President Donald Trump has intensified his tariff blitz by targeting several countries, including India, and industries such as pharmaceuticals and semiconductors. He announced plans to impose increased tariffs on energy imports from Russia, with the levies for other goods to be announced within the next week.
This latest move comes amid growing trade tensions and economic uncertainty, following recent changes to the US tariff plan that saw rates range from 10% to 41%. Trump’s efforts to reshape global trade in America’s favor are ongoing, despite signs of economic strain.
Source: https://www.bloomberg.com/news/articles/2025-08-06/trump-ramps-up-tariff-blitz-with-india-pharma-chips-in-sights