look news india
America’s new President Donald Trump has shown a glimpse of tough decisions in international trade even before taking office. He constantly remains in the headlines due to his shocking statements and policies. In a recent program, he directly warned India that if India imposes high tariff on American products, America will also impose reciprocal tax.
India accused of high tariff
Donald Trump says India imposes “high tariffs” on some American goods. In response, Trump said that reciprocal tax will be part of his policy. Pointing to countries like India and Brazil, he said that these countries impose excessive duties on American products, which creates inequality.
Trump’s strict statement
Donald Trump, speaking to the media, said:
“If they tax us, we will tax them equally. In most cases, other countries tax us, but we don’t tax them. If India imposes duty of up to 100% or 200% on our goods, why should we leave them duty-free?”
Giving examples he said:
“They send us cycles and we also send them cycles, but they charge us heavily.”
reciprocal tax policy
Trump said the word “reciprocal” is very important in his trade policy. He believes that if any country imposes tax on American products, then America should also impose tax in the same proportion.
The Commerce Secretary also supported Trump’s statement, saying:
“Whatever one does, he will be treated accordingly.”
Special focus on India and Brazil
Speaking to the media at Mar-a-Lago, Trump said countries like India and Brazil impose higher taxes on American goods. He says that if these countries increase the duty on American goods, then America will also impose the same duty on their products.
Possible effects of Trump’s policy
This statement of Donald Trump may have an impact on India-America trade relations. It is clear from his stance that he will not tolerate any kind of discrimination against American products. If America imposes reciprocal tax against India, then trade tension between the two countries may increase.