President Donald Trump announced in his Congress address that reciprocal tariffs against countries, particularly India, will begin on April 2. He criticized existing high tariffs imposed on the US and emphasized the need for retaliatory measures. The announcement received enthusiastic support from Republican lawmakers, reaffirming his administration’s aggressive trade policies.
During a recent address to Congress, President Donald Trump announced reciprocal tariffs against countries, particularly targeting India, effective April 2. He justified the tariffs by asserting that the United States has faced disproportionately high tariffs from various nations, including India. Trump emphasized that manufacturers not producing domestically will incur significant tariffs, stating, “If you don’t make your product in America under the Trump administration, you will pay a tariff… it’s our turn to start using them against those other countries.”
In his speech, President Trump highlighted the tariff disparities between the United States and other countries. He noted that nations such as India impose very high tariffs, particularly mentioning, “India charges us auto tariffs higher than 100 percent.” Trump also pointed out that China’s average tariff on American products is double what the US charges, while South Korea’s is four times higher.
Trump detailed the upcoming imposition of reciprocal tariffs, indicating that these tariffs would enhance the United States’ ability to retaliate against non-monetary barriers that impede access to foreign markets. He stated, “…whatever they tariff us, we will tariff them, a reciprocal back and forth…” This plan was strategically set to start on April 2, avoiding any association with April Fools’ Day.
The announcement was met with enthusiastic approval from Trump’s supporters in Congress, reflecting a solid backing for his trade policies. This announcement follows the United States’ implementation of 25 percent tariffs against Canada and Mexico and the doubling of tariffs on goods from China, citing their lack of action regarding fentanyl production issues.
In summary, President Trump’s address highlighted the implementation of reciprocal tariffs against nations like India beginning April 2, underlining his firm stance on trade fairness. The tariffs aim to counteract longstanding inequities faced by American manufacturers in international markets. His remarks indicate a commitment to restructuring trade relationships that have historically favored other nations, garnering strong support from his congressional allies.
Original Source: www.hindustantimes.com
