Trump Reaffirms Reciprocal Tariffs on India, Citing 'Unfair' Trade Practices
Negotiations for a US-India trade agreement continue without resolution as April 2 tariff deadline looms.
- US President Donald Trump has confirmed that reciprocal tariffs on Indian goods will take effect on April 2, citing India's high tariffs as 'very unfair.'
- India has expressed willingness to reduce tariff and non-tariff barriers but has not taken concrete steps toward finalizing a trade agreement with the US.
- Trump highlighted India's status as 'one of the highest tariffing nations in the world' and criticized its trade policies as a barrier to US exports.
- The India-Middle East-Europe Economic Corridor (IMEC) was praised by Trump as a strategic trade alliance, though he emphasized the need for fair treatment from allies like India.
- Trump's broader trade strategy includes imposing reciprocal tariffs on multiple nations, including allies such as the European Union, Mexico, and Canada, alongside adversaries like China and Brazil.