From April 2: Trump’sreciprocal tariffsagainst India, China

 

 

 

US PRESIDENT Donald Trump criticised the high tariffs charged by India and other countries including China, calling it “very unfair” and announcing reciprocal tariffs will kick in from next month. In his address to a Joint Session of the US Congress, the President said that the reciprocal tariffs will commence from April 2. “Other countries have used tariffs against us for decades and now it’s our turn to start using them against those other countries. On average, the European Union, China, Brazil, India, - Mexico and Canada - Have you heard of them -and countless other nations charge us tremendously higher tariffs than we charge them. It’s very unfair,” Trump said Tuesday night. Trump’s address to the Joint Session of the Congress on Tuesday was the first of his second term in the White House. On January 20, Trump was sworn-in as the 47th President of the US.

 

“India charges us auto tariffs higher than 100%,” hecontinued. In February, President Trump has said that his administration will “soon” impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Narendra Modi’s visit to the US capital last month. Trump has made it clear to PrimeMinisterModithatIndia will not be spared from Washington’s reciprocal tariffs and emphasised that “nobody can argue with me” on tariff structure.“China’saveragetariff on our products is twice... And South Korea’s average tariff is four times higher. Think of that, four times higher. And we give so much help militarily and in so many other ways to SouthKorea.But that’s what happens.This is happening by friend and foe.

 

This system is not fair to the United States. I t never was,” he said. TrumpaddedthatfromApri l 2,reciprocal tariffs will kick in, and whatever “they tariff us , other countries, we will tariff them. That’s reciprocal back andforth.Whateverthey t axus, wewill t axthem.Iftheydononmonetary tariffs to keep us out oftheirmarket,thenwewilldo non-monetarybarrierstokeep them out of our market.

 

“They don’t even allow us i n theirmarket.Wewilltakeintrillionsandtrillionsofdollarsthat create jobs like we have never seenbefore.I diditwithChina, andI diditwithothers, andthe Biden administration couldn’t do anything about it because there was somuchmoneythey couldn’t do anything aboutit. ” “We have beenrippedofffor decades by nearly every country on Earth, and we will not let that happen any longer,” Trump said.