President Trump claims India will substantially reduce its tariffs on US goods due to unfair trade practices. The US plans to impose reciprocal tariffs and has set an April 2 deadline for reductions. The administration is advocating for trade parity, particularly concerning agricultural products, with a forthcoming tariff announcement aimed at benefiting American workers.
On Tuesday, United States President Donald Trump announced that India is expected to significantly reduce its tariffs on American goods. This statement followed the White House’s acknowledgment that India imposes a 100% tariff on agricultural products, prompting the US to consider countermeasures. Trump has set a deadline of April 2 for various countries to lower their tariffs or face retaliatory actions from the US.
President Trump indicated that Washington plans to introduce reciprocal tariffs targeting several countries, including India and members of the European Union. He mentioned, “If you look at the European Union on cars, the European Union already dropped their tariff down to two and a half percent. I think I heard that India just a little while ago is going to be dropping its tariffs very substantially” while addressing reporters at the White House.
Trump asserted that many nations are likely to lower their tariffs due to what he perceives as unfair tariff practices imposed upon the United States. White House Press Secretary Karoline Leavitt echoed these sentiments, highlighting that numerous countries engage in trade practices detrimental to American products, such as the European Union’s lengthy tariffs on dairy and Japan’s high tariffs on American rice.
Leavitt further urged for reciprocity in trade relations and emphasized that it is time for a significant change. President Trump is slated to reveal a new tariff structure on April 2, referred to as “Liberation Day.” She remarked, “The President will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades,” stressing that these actions are intended to benefit American workers.
In summary, President Trump has indicated that significant tariff reductions from India are anticipated, contingent on a deadline of April 2. The administration is taking a firm stance on what it regards as unfair trade practices by various countries, asserting the need for reciprocal tariffs. The upcoming announcement of a new tariff plan aims to address these inequities in trade policy, prioritizing the interests of American workers.
Original Source: zeenews.india.com
