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Goldman sees GDP hit from US tariff plan
Mint Mumbai
|February 20, 2025
India will not be spared from the US move to apply reciprocal tariffs on all trading partners, president Donald Trump said, adding he spelt out the decision during Prime Minister Narendra Modi's recent visit.
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In a joint television interview with billionaire Elon Musk on Tuesday night, Trump reiterated his stance on existing tariff structures between the US and its partners, including India. "I told Prime Minister Modi yesterday-he was here-I said, 'Here's what we're going to do: reciprocal.
Whatever you charge, I'm charging," President Trump said.
Under the reciprocal tariff system, the US would impose the same level of tariffs on Indian imports as India does on American goods.
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