President Trump announced Wednesday that the U.S. would impose tariffs of 25% on imports from India — in addition to an unspecified "penalty" — for what he said were its high tariffs and trade barriers, and for its large purchases of military equipment and energy from Russia.

President Donald Trump said on Wednesday the United States is still negotiating with India on trade after announcing earlier in the day the U.S. would impose a 25% tariff on goods imported from the country starting on Friday.