Trump Announces Reciprocal Tariffs Against India Starting April 2
President Trump has declared reciprocal tariffs on countries like India, starting April 2, during his address to Congress. He criticized foreign tariffs on American goods, especially from India and China, and emphasized the need for the U.S. to retaliate. The announcement, which received strong support in Congress, highlights the Trump administration’s ongoing commitment to protecting American industry in the global marketplace.
In a recent address to Congress, President Donald Trump announced that the United States would impose reciprocal tariffs against various countries, including India, effective April 2. Emphasizing his administration’s stance on tariffs, Trump highlighted the high duties American producers face from nations worldwide, asserting that the U.S. would now reciprocate such measures.
In defense of his tariff policy, President Trump stated, “If you don’t make your product in America under the Trump administration, you will pay a tariff, and in some cases, a rather large one.” He denounced the longstanding tariffs imposed on American goods by other countries, stating, “It’s very unfair.”
During his speech, Trump specifically mentioned India’s auto tariffs, which he claimed exceed 100 percent. He further illustrated the disparities in tariffs, noting that China’s average tariffs on U.S. products are double those that the United States imposes.
The President announced reciprocal tariffs would begin on April 2: “On April 2nd, I wanted to make it April 1st but didn’t want it to be accused of April Fools day… if they do non-monetary tariffs to keep us out of their market, we will do non-monetary barriers to keep them out of our market.” This declaration garnered significant applause from his supporters.
These developments occur as the U.S. has also initiated a 25 percent tariff on goods from Canada and Mexico, alongside a doubling of tariffs on Chinese products to combat concerns related to fentanyl production.
In summary, President Trump has announced a reciprocal tariff strategy set to take effect on April 2, targeting countries with high tariffs on U.S. goods, notably India. His address emphasized fairness in trade practices while advocating for American producers facing substantial tariffs abroad. As the U.S. continues to strengthen its tariff policies, the implications for international trade relationships remain to be seen.
Original Source: www.hindustantimes.com
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