Trump Announces Tariffs on India 100% – A Game-Changing Decision
On Wednesday, Trump addressed a joint session of the US Congress for the first time after becoming the US President for the second time. From that stage, he announced the imposition of retaliatory tariffs on India.
India was not spared from the wrath of Donald Trump’s tariff policy! While addressing a joint session of the US Congress on Wednesday morning (Indian time), the President of that country made it clear that India is not exempt from the policy of imposing reciprocal tariffs.
He announced the imposition of retaliatory tariffs. Not only that, the US President also announced the date from when the retaliatory tariffs on Indian products in the US will be imposed. Apart from India, he said that retaliatory tariffs will be imposed on countries like China, South Korea, Canada, and Mexico.
Why Trump Announces Tariffs on India and Its Global Impact
On Wednesday, Trump addressed a joint session of the US Congress for the first time after becoming the US President for the second time. In that speech, everyone’s attention was focused on some of the issues he mentioned in that speech. On that stage, Trump said, “For a long time, different countries have been imposing tariffs on us, this time it’s our turn.
The more tariffs the European Union, China, Brazil, India and many other countries impose on us, the more tariffs we will impose.” After that, Trump mentioned India separately. He said, “India imposes 100 percent tariffs on us. This system is not fair to America, it never was.”
Trump Announces Tariffs on India – When Will It Take Effect?
Trump’s announcement, “We will impose reciprocal tariffs from April 2. I wanted to implement it from April 1. But many may think, I am playing April Fools. So I will implement reciprocal tariffs from April 2.”
Since coming to power for the second time, one decision after another of Trump’s has been discussed in the world court. The US President had declared that he would never be flexible on import tariffs. Trump said that he would follow the ‘tit for tat’ policy.
He claimed that the more tariffs a country imposes on American products, the more America will impose import tariffs on the products of those countries. Trump made it clear once again that he is still adamant in that declaration. He added, “If someone creates any other barrier instead of tariffs, we will do the same for them.”
How India and Other Nations Are Responding as Trump Announces Tariffs on India 100%
Trump had also given the same warning during Indian Prime Minister Narendra Modi’s visit to the US. He had earlier said that the tariff issue had also come up in his meeting with Modi. America wants to further improve bilateral relations with India.
But not in exchange for tariff exemptions! Trump also said that he had given a clear message about America’s tariff policy during his meeting with Modi at the White House. He said, “He came here. I said, whether you impose tariffs or not, I will.” Trump kept that promise.
The Modi government took action after Trump’s tariff warning. In the budget, the Modi government has reduced import duties on a range of products from whiskey to motorbikes imported from America. The Modi government has also agreed in principle to open up the Indian market to American products by signing a trade agreement with America.
Not only that, India’s Union Commerce Minister Piyush Goyal left for America on Sunday night. According to sources, his visit to the US is to discuss tariff policy with the Trump administration. However, in the meantime, the US President announced the imposition of reciprocal tariffs on Wednesday that Trump Announces Tariffs on India.
