U.S. President Donald Trump announced that India has agreed to reduce tariffs amidst exposure of its trade practices. He plans to implement reciprocal tariffs beginning April 2, citing unfair trade conditions faced by the U.S. Trump’s remarks emphasize the need for equitable tariffs to combat excessive charges imposed by other countries, including India.
On Friday, United States President Donald Trump asserted that India has agreed to reduce its tariffs due to exposure of its practices. He indicated that reciprocal tariffs on nations imposing levies on U.S. goods would commence on April 2. Trump expressed frustration over high tariffs imposed by India, stating they are impediments to selling goods there.
Trump characterized the current tariffs as “temporary” and “small,” but indicated that more significant reciprocal tariffs would initiate on April 2. He emphasized the unfairness faced by the U.S. in international trade and expressed intent to rectify these circumstances, having “stopped” unfair practices during his first term.
The U.S. President remarked that countries like India charge excessive tariffs, sometimes ranging from 150-200%, while the U.S. imposes virtually none in comparison. He highlighted that starting from April 2, tariffs would be applied reciprocally, marking a substantial shift in U.S. trade policy.
Trump has frequently criticized India for its high auto tariffs, describing them as exceeding 100%, and has previously labeled India as a “tariff king”. At a recent press conference with Indian Prime Minister Narendra Modi, he reaffirmed the challenges of entering the Indian market due to stringent trade barriers.
In summary, President Trump has accentuated the U.S. commitment to addressing perceived unfair tariffs from India, asserting that substantial reciprocal tariffs will be enacted beginning April 2. He has expressed sustained grievances regarding India’s high trade barriers, reiterating a desire for more equitable trade practices in the international arena.
Original Source: www.indiatvnews.com
