President Trump said Wednesday that goods from India will face a 25% tariff when entering the US beginning on Friday, a signal that negotiations toward a larger deal have stalled ahead of his self-imposed Aug. 1 deadline.

“India has been a good friend, but India has charged basically more tariffs than almost any other country," Trump said via a post on Truth Social.

Trump also accused India of buying its military equipment from Russia.

"ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST," Trump posted.

Trump also again said he would not extend Friday's deadline for tariffs to kick in to levels outlined by deals or letters Trump has sent to country leaders.

"THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!" Trump said.

Trump confirmed this week that 15% represents the new tariff "floor" for countries, whose rates he has been dictating to leaders in the absence of trade deals.

Meanwhile, the US and China concluded their latest round of tariff and trade talks in Sweden on Tuesday, with both sides touting progress but without an immediate announcement of a further tariff delay. Treasury Secretary Scott Bessent said President Trump would make the final call on extending the trade truce between the world's two largest economies.
This week's talks were the third round for the countries, which have slowly deescalated trade tensions since Trump imposed gargantuan tariffs in April, and China reciprocated. The countries suspended those tariffs for 90 days — a suspension that is set to end on Aug. 12. Bessent said another 90-day extension is possible.

Also, the US and EU are racing to lock in the final details of their major new trade deal before Friday.

Top EU critics say it's a rushed fix. German Chancellor Friedrich Merz called the outcome unsatisfying and France’s Bayrou dubbed the EU’s "submission" a "dark day." The agreement includes a baseline tariff rate of 15% on most EU goods imported into the US. Trump called the deal “the biggest of them all."