President Trump Claims India Will Lower Tariffs Following Exposure of Trade Practices

President Trump claimed India will lower tariffs due to exposure of unfair practices. He announced new reciprocal tariffs effective April 2, emphasizing that the U.S. has faced unjust trade barriers from various countries, including India. Trump’s remarks highlight a commitment to rectify perceived trade imbalances.

On Friday, United States President Donald Trump asserted that India has decided to reduce tariffs due to heightened scrutiny of their trade practices. He emphasized that India imposes excessively high tariffs on American goods, stating, “They have agreed, by the way; they want to cut their tariffs way down now because somebody is finally exposing them for what they have done.”

Trump noted that the reciprocal tariffs on nations levying charges on U.S. products will begin on April 2, describing current tariffs as “temporary” and “small ones.” He referred to the forthcoming tariffs as “predominant tariffs” that will significantly impact U.S. trade relations, titling them a “big game changer for our country.”

The President further criticized the existing trade dynamics, declaring, “Our country has been absolutely ripped off by almost every country in the world.” He indicated that the United States will charge countries reciprocal rates equivalent to the tariffs they impose. His firm remarks included, “So whatever they charge us, we’re going to charge them, and there’ll be no getting out of it.”

Drawing attention to the tariffs imposed by several nations, Trump remarked that countries like the European Union, China, Brazil, India, Mexico, and Canada charge significantly higher tariffs than those applied to them. He highlighted, “India charges us auto tariffs higher than 100 per cent,” reiterating his previous claims where he labeled India as a “tariff king” and a “big abuser” during past discussions with Indian Prime Minister Narendra Modi.

In conclusion, President Trump’s assertion regarding India’s tariff reductions highlights a broader concern about unfair trade practices faced by the United States. With reciprocal tariffs scheduled to take effect on April 2, the new measures are expected to alter the trade landscape significantly. His characterizations of other nations’ tariff practices further underscore the administration’s commitment to advocating for fair trade conditions for American goods and services.

Original Source: www.indiatvnews.com