Trump Vows Reciprocal Tariffs on India, China, and Brazil Over High Import Duties
President-elect Donald Trump criticizes high tariffs on U.S. goods and pledges to impose equivalent taxes on imports from nations like India and Brazil.
- Donald Trump, speaking at Mar-a-Lago, reiterated plans to implement 'reciprocal tariffs' on countries imposing high duties on U.S. products.
- India was singled out for its 100% tariffs on certain American goods, with Trump emphasizing fairness in trade practices.
- Brazil and China were also mentioned as nations imposing significant taxes on U.S. exports, prompting similar retaliatory measures.
- Howard Lutnick, Trump's Commerce Secretary pick, confirmed that reciprocity will be a cornerstone of the incoming administration's trade policy.
- The outgoing Biden administration expressed confidence in the strength of U.S.-India relations, citing recent high-level engagements and bipartisan support.