India reacts as Trump imposes 25% tariffs

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• 00:01

  Hello and welcome to World Business Report from the BBC World Service.

• 00:05

  I'm Rahul Tandon.

• 00:06

  Plenty coming up on what is another busy edition.

• 00:08

  We're going to hear from the World Bank President Ajay Banga on the global economy in a time of turmoil and take a closer look at the world's largest economy,

• 00:17

  the US, because we've had some pretty important data out.

• 00:20

  But we're going to start the program by talking about India because a short while ago this happened.

• 00:27

  This is what has happened.

• 00:29

  President Trump has tweeted saying that India will have to pay a tariff of 25% but that's not all.

• 00:35

  Yep, as you heard there, President Trump saying that all Indian goods will face that tariff of 25%.

• 00:41

  If a deal is not struck in the next few days in a post on social,

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  he blamed their high tariffs and other trade barriers for making it difficult for US companies.

• 00:50

  to do business.

• 00:51

  It's not good news for Indian exporters of course.

• 00:54

  Aurobindo Naik runs CII International which is one of the largest tea buyers in India.

• 00:58

  He exports tea to the US.

• 01:00

  I suggested this wasn't good news for his company or India.

• 01:04

  Definitely not.

• 01:06

  It's a growing market as far as India is concerned.

• 01:09

  We will definitely bear the brunt but I think The people who are really going to get hit hard is the American consumers themselves.

• 01:20

  Tea is not grown in the US.

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