President Trump announced new reciprocal tariffs on imports from India, recalling his conversation with PM Modi regarding India’s 52% tariffs. The U.S. will impose a 26% tariff on Indian goods, effective from April 9, alongside a baseline tariff of 10% starting April 5. Trump’s announcement highlights his stance against unfair trade practices and aims to strengthen American industries.
In a recent announcement concerning tariffs, President Donald Trump highlighted the issue of trade with India during a meeting with Prime Minister Narendra Modi. He pointed out, “You have not been treating us right,” regarding India’s high import duties, which are currently at 52%. Consequently, the United States will respond by imposing a 26% tariff on Indian goods.
President Trump characterized the Indian tariffs as “very, very tough” and reiterated that while Modi is a “great friend of mine,” the trade practices are unfair. The specific industries affected by these tariffs have not been disclosed. Additionally, the White House announced a broader baseline tariff of 10% on all imports, effective April 5, with the country-specific tariffs commencing on April 9.
President Trump’s tariff announcement marks a notable shift in U.S. trade policy, emphasizing reciprocal measures against countries with high tariffs on American goods. By imposing a significant tariff on Indian products, the U.S. aims to address trade imbalances while asserting its stance on fair trade practices. This approach reveals Trump’s commitment to reclaim jobs and bolster American industries.
Original Source: www.ndtv.com
