U.S. President Donald Trump indicated that India plans to cut tariffs on American goods before revealing a new tariff plan on April 2. The White House criticized India’s high tariffs on U.S. agricultural products, characterizing them as unfair to American exporters. This announcement precedes what Trump calls “Liberation Day,” aiming to rectify longstanding trade inequalities.

In a recent press conference, U.S. President Donald Trump announced that he has heard India plans to substantially reduce tariffs on American goods, expressing his surprise that such action had not been taken earlier. His comments were made just ahead of the anticipated unveiling of reciprocal tariffs by Washington on April 2, a situation that has generated concern among policymakers worldwide.

The White House has included India among nations perceived as “unfair,” imposing high charges that hamper U.S. exporters. White House Press Secretary Karoline Leavitt noted that India imposes a staggering 100 percent tariff on American agricultural goods, which hinders access to certain foreign markets. She emphasized, “These countries have been ripping off our nation for far too long,” referring to the negative impact on American workers.

Leavitt reiterated, “You have 100% tariff from India on American agricultural products,” and asserted the necessity of reciprocity in trade practices. She hinted that Trump’s tariff strategy would also target other nations, such as those in the European Union, Japan, and Canada, thereby addressing barriers that affect American imports.

On April 2, President Trump is set to announce a new tariff plan in what he has termed “Liberation Day” during a press conference in the Rose Garden marking the beginning of his second term. While details surrounding the plan remain unclear, Leavitt confirmed the presence of the full cabinet at the event and stated, “The President will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades. He is doing this in the best interest of the American worker.”

In summary, President Trump is poised to announce significant changes to U.S. tariff policies on April 2, coinciding with his “Liberation Day” declaration. The potential reduction of tariffs by India on American goods, alongside the identification of specific nations as unfair traders, reflects ongoing tensions in international trade. As the U.S. administration aims to rectify perceived imbalances, the implications for American exporters and global trade dynamics remain to be seen.

Original Source: www.hindustantimes.com

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