US President Donald Trump believes that India will reduce its tariff on American goods. However, with this expectation, he also repeated threatening US tariffs on India from April 2. According to PTI news, in an interview with an American news website, Trump discussed America’s relations with India. When asked about his summit talks with Prime Minister Narendra Modi last month, Trump said that he has very good relations with India. The website quoted Trump as saying that but my only problem with India is that they are one of the most tariffs in the world.
We will collect the same tariff from them that they charge from us
According to the news, Trump said that I think they are probably going to reduce those tariffs to a great extent, but on April 2 we will charge the same tariff from them that they collect from us. When he was asked about the Indo-Madhya Pradesh East-Europe-Educational Corridor, the IMEC, which he signed with the US during Modi’s visit to America, Trump did not specifically mention China, but said that it is a group of amazing countries that are coming together to compete with the rest of the countries that harm us in business.
A powerful group of partners
Trump said that we have a powerful group of partners in business. Nevertheless, we cannot let those partners behave badly with us. The website quoted Trump as saying that we treat our enemies better than our friends in many ways. Trump said that those who are not so friendly to us, in some cases better we treat people who are considered friendly, such as the European Union, who treats us very badly in business.
India agrees to reduce its tariffs very little
The President said that India and everyone will see him as an ally. I can say the same for others. But it is a group of amazing countries that are combating other countries that want to harm us in business. Earlier this month, Trump had said that India had agreed to reduce its tariffs very little as he reiterated his claim that the country imposes a lot of tariffs on the US which makes it difficult to sell the product there.
No compromise on business tariff yet
Commerce Secretary Sunil Barthwal told a parliamentary panel in New Delhi on March 10 that the talks are still going on and no agreement has been reached between India and the US on the trade tariff. Trump has been criticizing the high tariffs imposed by India. Addressing a joint session of Congress on March 4, before his second term at the White House, Trump criticized the high tariffs imposed by India and other countries and described him as very unfair. In the past, Trump has called India “Tariff King” and “great misconduct”.
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