President Trump plans to impose reciprocal tariffs on countries with high tariffs on US goods, specifically targeting India, effective April 2. In recent statements, he described India as a “very high tariff nation” and raised concerns about trade practices with Canada. Trade discussions are ongoing to address these issues, particularly with Indian officials.
US President Donald Trump has reaffirmed his administration’s intent to impose reciprocal tariffs on countries with high duties on American goods, effective April 2. During an executive order signing, he labeled India as a “very high tariff nation” and emphasized the goal of imposing equal tariffs on countries like India and China that levy heavy duties on US exports.
Officials in India are optimistic about finding a resolution to avoid the impending tariffs, as Commerce Minister Piyush Goyal engages in trade discussions with US counterparts in Washington. Trump’s remarks about India’s tariffs were reiterated the day before during a joint Congressional address, where he deemed them “very unfair.”
In addressing Congress, Trump stated that reciprocal tariffs will be implemented next month, asserting that products not manufactured in the US will incur tariffs, often significantly high. He accused foreign nations of benefitting from tariffs against the US for decades and indicated a shift in strategy under his administration.
Trump also extended his criticism to Canada, highlighting the excessive tariffs on American dairy products and lumber. He claimed Canada imposes a 250% tariff on US milk, while also emphasizing that the US possesses ample lumber resources without needing Canadian supply.
In summary, President Trump’s administration is preparing to implement reciprocal tariffs on nations like India and Canada, which impose high duties on US exports. With noteworthy tariffs scheduled for April 2, the US aims to balance trade practices and trade talks are underway with Indian officials to potentially mitigate these tariffs. Trump’s actions signal a significant shift in US trade policy, emphasizing equitable tariffs as a tool to combat unfair trade practices.
Original Source: www.hindustantimes.com
