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Trump threatens to impose reciprocal tax on India
Hindustan Times West UP
|December 19, 2024
INDIA'S EXPORTS STOOD AT $77.51 BN, WHILE IMPORTS AGGREGATED AT $42.2 BN IN THE LAST FISCAL
WASHINGTON: US President-elect Donald Trump has said that India charges "a lot" of tariff, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
Trump made these remarks on Tuesday and 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," 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.
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