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Trump says US does very little business with India, almost none with Russia

Published by Global Banking & Finance Review

Posted on July 31, 2025

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· Last updated: January 22, 2026

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(Reuters) -U.S. President Donald Trump said that the United States has done very little business with India, and that Russia and the U.S. do almost no business together. "I don't care what India does

Trump says US does very little business with India, almost none with Russia

Trump's Trade Statements

(Reuters) -U.S. President Donald Trump said that the United States has done very little business with India, and that Russia and the U.S. do almost no business together.

India's Trade with Russia

"I don't care what India does with Russia", he said in a Truth Social post on Thursday, adding that "they can take their dead economies down together, for all I care".

US Tariff Announcement

In an earlier Truth Social post on Wednesday Trump talked about India's trade with Russia when announcing the U.S. would impose a 25% tariff on goods imported from India starting on Friday.

Indian Government's Response

In response to the earlier Truth Social post, the Indian government said it was studying the implications of Trump's announcements and remained dedicated to securing a fair trade deal.

Trump said that India has always bought a vast majority of their military equipment and energy from Russia, which was "not good".

(Reporting by Chandni Shah in Bengaluru; Editing by Christian Schmollinger)

Key Takeaways

  • Trump claims minimal US business with India and Russia.
  • Announces 25% tariff on Indian imports.
  • India studies implications of US trade announcements.
  • Trump criticizes India's military purchases from Russia.
  • India seeks fair trade deal despite new tariffs.

Frequently Asked Questions

What did Trump say about US business with India?
Trump stated that the United States has done very little business with India.
What tariff did the US impose on India?
The US announced a 25% tariff on goods imported from India starting on Friday.
How did the Indian government respond to Trump's statements?
The Indian government said it was studying the implications of Trump's announcements and remained dedicated to securing a fair trade deal.
What concerns did Trump express regarding India's trade?
Trump expressed concerns that India has always bought a vast majority of their military equipment and energy from Russia, which he described as 'not good'.

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