New Delhi, July 30 -- Donald Trump's imposition of 25 per cent tariffs on all Indian goods "will immediately impact India's export-intensive sector," said Federation of Indian Chambers of Commerce & Industry (FICCI) Director General Jyoti Vij.

"We are confident that Indian negotiators will be able to secure a meaningful and permanent agreement with the United States, without compromising on the national interests," added Vij in her statement.

Donald Trump, in a fiesty Truth Social post on Wednesday, slapped 25 per cent tariffs on all Indian goods starting August 1 citing "obnoxious" trade barriers, and an additional "penalty" for India's continued energy and defense ties with Russia. The POTUS also criticised India's military and oil im...