President Trump claims India agreed to reduce tariffs due to exposure of unfair practices. He highlighted high tariffs that hinder U.S. sales and announced reciprocal tariffs effective April 2, emphasizing the need to address trade imbalances. Trump has consistently criticized India as imposing excessive tariffs.
On Friday, United States President Donald Trump asserted that India has agreed to reduce its tariffs because “somebody is finally exposing them for what they have done.” This statement was made as he announced that reciprocal tariffs, affecting nations imposing tariffs on American products, would come into effect on April 2.
Trump emphasized that India imposes significantly high tariffs, stating that it is nearly impossible to sell products in the country. He mentioned, “India charges us massive tariffs. Massive. You can’t even sell anything in India…They have agreed, by the way; they want to cut their tariffs way down now…”
The President remarked on the economic impact, indicating that the United States has been unfairly treated in trade relations. He noted, “I had it stopped in my first term and we’re going to really stop it now…Our country has been absolutely ripped off by almost every country in the world.”
Trump described the current tariffs as “temporary” but warned that the new reciprocal tariffs would be substantial and transformative. He stated, “Because we’ve been ripped off by every country in the world, and now whatever they charge us…we’re going to charge them.” He expressed eagerness for the implementation date of April 2, viewing it as a significant step forward.
Additionally, Trump pointed out that multiple nations, including the European Union and China, impose tariffs much higher than those charged to them. He criticized India’s auto tariffs, claiming they exceed 100 percent and labeled India as a “tariff king” and a “big abuser.” Trump had previously noted, “It’s very hard to sell into India because they have trade barriers, very strong tariffs.”
In summary, President Trump’s remarks highlight his administration’s stance on international tariffs, particularly emphasizing India’s high tariff rates. He indicated that forthcoming reciprocal tariffs would challenge existing trade practices and asserted his commitment to rectifying trade imbalances. Trump’s statements reflect ongoing tensions in trade relations, underlining the urgency of tariff reductions and the administration’s resolve to protect American interests in global trade.
Original Source: www.indiatvnews.com
