New Delhi: US President Donald Trump has announced the implementation of reciprocal tariffs on countries like India and China, effective April 2. This strategic shift aims to counter what Trump perceives as unfair trade practices, where countries impose significantly higher tariffs on US exports than the US charges them. India, for instance, levies auto tariffs exceeding 100%, a practice Trump has repeatedly criticized as “very unfair.” This policy marks a significant shift in US trade strategy, focusing on mirroring the tariffs imposed by other nations to restore balance in global trade.
The reciprocal tariffs, set to kick in on April 2, will mirror the tariffs imposed by other countries on US exports. Trump specifically highlighted India’s auto tariffs as an example of the inequitable trade practices he seeks to address. The European Union, China, Brazil, India, Mexico, and Canada are among the nations that charge higher tariffs on US goods compared to what the US charges them, a disparity Trump aims to rectify.
Trump emphasized that if other countries use non-monetary barriers to restrict US market access, the US will respond with similar measures. This announcement follows Prime Minister Narendra Modi’s visit to the US, where Trump made it clear that India would not be exempt from these tariffs. The move is part of Trump’s broader strategy to address what he sees as unfair trade policies by other nations.
The reciprocal tariffs are expected to impact various sectors, including food, textiles, and pharmaceuticals in countries like India. This policy shift underscores Trump’s commitment to putting American interests first in trade negotiations, ensuring that the US is not at a disadvantage in global trade.
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