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India charges lot of tariff: Donald Trump threatens to impose reciprocal tax
The Hindu
President-elect Trump plans reciprocal tariffs against India's high tariffs on American products, emphasizing fairness and reciprocity in trade relations.
U.S. President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the high tariff imposed by India on import of certain American products.
Mr. Trump made these remarks on Tuesday and also said that India and Brazil were among countries that impose high tariffs on certain U.S. products.
“Reciprocal. If they tax us, we tax them the same amount. They tax us. We tax them. And they tax us. Almost in all cases, they're taxing us, and we haven't been taxing them,” Mr. Trump told reporters on Monday.
He made the remarks while responding to a question on a potential trade agreement with China. Mr. Trump said India and Brazil were among countries that impose high tariffs on certain U.S. products.
“The word reciprocal is important because if somebody charges us — India, we don't have to talk about our own — if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle and we send them a bicycle. They charge us 100 and 200. India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing,” Mr. Trump said at a news conference at Mar-a-Lago.
Responding to a question, his Commerce Secretary pick Howard Lutnick said “reciprocity” is something that is going to be a key topic for the Mr. Trump administration. “How you treat us is how you should expect to be treated,” he said.
During his election campaign in October, Mr. Trump has claimed that India imposes the highest tariffs on foreign products. But they do it with a smile.