Trump Announces Reciprocal Tariffs Against India Starting April 2

During his address to Congress, President Trump announced reciprocal tariffs against various nations, including India, beginning April 2, citing unfair tariff practices by these countries. He criticized the significantly higher tariffs imposed on U.S. goods by countries such as China and South Korea and emphasized the need for a reciprocal approach to trade. This announcement follows prior tariff increases implemented against Canada, Mexico, and Chinese goods.

In a recent address to Congress, President Donald Trump announced the implementation of reciprocal tariffs against various nations, beginning on April 2. He emphasized his administration’s stance on tariffs and highlighted that countries like India impose significantly higher tariffs on American goods compared to the rates the U.S. charges. Trump stated, “If you don’t make your product in America under the Trump administration, you will pay a tariff, and in some cases, a rather large one.”

Trump specifically singled out India, indicating that it charges tariffs on automotive imports exceeding 100 percent. He criticized the disparity in tariff rates between the United States and other countries, noting that China’s average tariffs are twice as high and South Korea’s average tariffs are four times more stringent than those imposed by the U.S.

The President described the current tariff situation as “very unfair” and voiced his intent to level the playing field through reciprocal measures. He articulated that on April 2, tariffs would be enacted in response to barriers other countries establish against U.S. goods, reinforcing a policy of tit-for-tat tariffs.

The announcement was well-received by attendees, resulting in a standing ovation from his supporters. This declaration follows the U.S. government’s recent imposition of a 25 percent tariff on goods from Canada and Mexico, along with an increase of tariffs on Chinese products from 10 percent to 20 percent, particularly citing issues regarding fentanyl production in China.

President Trump reiterated his commitment to a robust tariff policy aimed at addressing perceived trade injustices and protecting American interests. His announcement of reciprocal tariffs against countries such as India is intended to counterbalance high tariffs imposed on American products. This policy shift reflects a broader strategy to renegotiate trade agreements and foster a more equitable trading environment.

Original Source: www.hindustantimes.com