President Trump claims India is reducing tariffs due to exposure of unfair trade practices. He announced reciprocal tariffs on U.S. goods effective April 2, criticizing countries charging excessively high tariffs, especially India. This shift aims to rectify perceived trade imbalances in favor of the United States.
On Friday, United States President Donald Trump stated that India has decided to reduce tariffs due to increased scrutiny. He expressed that reciprocal tariffs on nations imposing levies on U.S. products are set to commence on April 2. Trump emphasized, “India charges us massive tariffs. Massive. You can’t even sell anything in India… They have agreed, by the way; they want to cut their tariffs way down now because somebody is finally exposing them for what they have done.”
During his remarks, Trump accused various countries of unfair trade practices, asserting, “We have been ripped off by almost every country in the world.” He asserted the need to resolve these issues, indicating that current tariffs are only “temporary” and that more significant reciprocal tariffs will take effect on April 2, fundamentally changing the trade landscape.
Trump elaborated on the level of tariffs being charged, stating, “Whatever they charge us, they charge us 150-200% (and) we charge them nothing.” He expressed anticipation for the upcoming changes, describing them as essential for a fairer trade relationship. He critiqued several nations, saying, “On average, the European Union, China, Brazil, India, Mexico, and Canada… charge us tremendously higher tariffs than we charge them.”
He described the situation with India as particularly egregious, highlighting auto tariffs exceeding 100 percent. Trump labeled India as a “tariff king” and noted its significant tariffs as a barrier to U.S. trade, saying, “It’s very hard to sell into India because they have trade barriers, very strong tariffs.”
In a previous press conference with Indian Prime Minister Narendra Modi, Trump’s comments reflected a long-standing concern regarding India’s trade policies. He remarked, “I don’t blame them, necessarily, but it’s a different way of doing business.”
In summary, President Trump’s recent comments indicate a significant shift in U.S.-India trade relations, driven by the perception of unfair tariffs. With reciprocal tariffs set to be imposed on April 2, the administration seeks to address long-standing trade imbalances and ensure fairer economic practices. The president’s focus on countries charging higher tariffs, particularly targeting India, underscores the administration’s commitment to restructuring international trade agreements.
Original Source: www.indiatvnews.com
