US President Donald Trump again said that reciprocal tariffs on US trade partners will come into effect from April 2, so the US can levy the same tariffs that other countries charge against it. He also asserted that India would also cut its tariffs on US goods.
While giving an interview to Breitbart News on Wednesday, Trump said, “I think they’re going to probably be cutting those tariffs substantially, but on April 2 we will be putting on the same tariffs they put on us.” He criticized India before on its trade practices, labeling it as a “very big abuser.”
Trump’s Stand on India’s Tariffs
Trump has repeatedly expressed unease with India imposing high tariffs on US products, stressing, “India charges us tremendous tariffs. Tremendous. You can’t even sell anything in India.They have agreed, by the way; they want to reduce their tariffs way down now because someone is finally holding them accountable for what they have done.”
Speaking to reporters aboard Air Force One, Trump declared that the implementation of reciprocal tariffs would be a significant move for the US economy. “April 2 is a liberating day for our country. We’re getting back some of the wealth that very, very foolish presidents gave away because they had no clue what they were doing,” he said.
Tariffs on Steel, Aluminum, and Other Sectors
In the previous month, Trump doubled steel and aluminum tariffs to a uniform 25%, exempting or excepting no one. The US will also levy a 20% tariff on China and a 25% tariff on Canada and Mexico. These are just part of Washington’s overall plan to follow the tariffs of other countries while applying sectoral tariffs in addition to auto duties.
With these new policies, Trump seeks to balance trade and develop the US economy, claiming past administrations have let money leave the nation without taking proper precautions.
