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Trump threatens to impose reciprocal tariffs on India
Financial Express Lucknow
|December 19, 2024
US PRESIDENT-ELECT DONALD Trump has said that India charges "a lot" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
Making these remarks on Tuesday, Trump also said that India and Brazil were among countries that impose high tariffs on certain US products.
"Reciprocal. If they tax us, we tax them the same amount. They tax us.
We tax them. And they tax us.
Almost in all cases, they're taxing us, and we haven't been taxing them," Trump told reporters on Monday.
HE MADE THE remarks while responding to a question on a potential trade agreement with China. Trump said India and Brazil were among countries that impose high tariffs on certain US products.
"The word reciprocal is important because if somebody charges us India, we don't have to talk about our own - if India charges us 100%, do we charge them nothing for the same?"Trump said.
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