US President-elect Donald Trump has announced plans to impose reciprocal tariffs on countries, such as India, that impose high duties on American goods. Trump stated that if other nations tax US products, the US will respond in kind. This comes amidst discussions about a potential trade agreement with China, with Trump specifically pointing out India and Brazil as countries that levy high tariffs on certain US products. Trump emphasized the importance of fairness, noting that if India charges a 100% tariff on US goods, the US will do the same in return. This stance was echoed by Howard Lutnick, Trump’s pick for Commerce Secretary, who emphasized the focus on reciprocity in trade policies. The outgoing Biden administration expressed confidence in the US-India relationship, stating that it is in a strong place and will continue to have bipartisan support during the Trump presidency. Kurt Campbell, Deputy Secretary of State, highlighted recent high-level engagement between the two countries and anticipated further positive developments in the relationship. Trump’s proposed tariff policies are expected to have significant implications for trade relations between the US and other countries, potentially leading to increased tensions and negotiations.
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Trump to India on High Tariffs: ‘They Tax Us, We Tax Them’
