Trump reiterates reciprocal tariffs plan for India, China

He had said this during Prime Minister Narendra Modi's recent visit to Washington, D.C.

“We'll soon impose reciprocal tariffs because that means, they charge us, we charge them. Its very simple. Whatever a company or a country, such as let's say India or China or any of them, whatever they charge, we want to be fair ... so reciprocal. Reciprocal meaning, 'they charge us, we charge them',” varioud media reports quoted the US president as saying at the swearing-in of commerce secretary Howard Lutnick.

“We haven't done that, we have never done that. We are getting ready to do it,” he said.

During his first term as US president, Trump had terminated India’s preferential market access—the Generalised System of Preferences—to the United States, alleging India has not given the United States ‘equitable and reasonable access’ to its markets.

ALCHEMPro News Desk (DS)