(30 Jul 2025)
RESTRICTION SUMMARY:
++BEGINS AND ENDS ON SOUNDBITE++
ASSOCIATED PRESS
Washington – 30 July 2025
1. SOUNDBITE (English) Kevin Hassett, National Economic Council director:
“Right, well, India’s had a market that’s been pretty much close to American products, and we’ve been wide open to theirs. And I think President Trump is frustrated with the progress we’ve made with India, but feels that a 25 percent tariff will address and remedy the situation I n a way that’s good for the American people.”
++WHITE FLASH++
2. SOUNDBITE (English) Kevin Hassett, National Economic Council director:
“Well, I think that what’s going to happen is that India is going to cut their prices to the U.S. in order to maintain their market share. That’s what everybody else has been doing. And then they might reconsider their practices, which have led to this higher rate. And over time, I would guess that Indian firms will be on-shoring production in the U S. and Indians might even open their markets more to us so that we reach Consider a future trade deal.”
++ENDS ON SOUNDBITE++
STORYLINE:
President Donald Trump says he’ll impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil.
Trump said Wednesday that India “is our friend” but its “Tariffs are far too high” on U.S. goods.
Kevin Hassett, the director of the National Economic Council, was at the White House on Wednesday.
“India’s had a market that’s been pretty much close to American products, and we’ve been wide open to theirs. And I think President Trump is frustrated with the progress we’ve made with India, but feels that a 25 percent tariff will address and remedy the situation I n a way that’s good for the American people,” Hassett said.
As a result, Trump intends to charge an additional “penalty” starting Friday as part of the launch of his administration’s revised tariffs on multiple countries. The director general of the Federation of Indian Export Organisations says new tariffs could put India at a disadvantage relative to Vietnam, Bangladesh and China
"Over time, I would guess that Indian firms will be on-shoring production in the U S. and Indians might even open their markets more to us so that we reach Consider a future trade deal," Hassett said.
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