The president said Wednesday that imports from India would be subject to a 25 percent tariff as of Friday, as trade talks between the countries hit a stumbling block.

There’s a lot happening this morning. Trump has announced a 25% tariff on Indian goods, plus a penalty over India’s reliance on Russian military equipment and energy. That 25% tariff puts India at a disadvantage compared to others -- Vietnam got a 20% rate, Indonesia 19%, and Japan at 15%.