Trump: India to face reciprocal tariffs on April 2

avatar
ChainCatcher
2 days ago
This article is machine translated
Show original

According to a report by Jinshi Data, despite the eagerness of Indian officials to appease the United States by reducing trade barriers, US President Trump stated that India will be subject to reciprocal tariffs starting from April 2.

Trump said in an interview on Wednesday local time that India is "one of the highest tariff nations in the world." "I believe they will substantially reduce these tariffs, but on April 2, we will be charging them reciprocal tariffs."

Although Trump has repeatedly stated that India will not be exempted from the tariffs on April 2, the tone of Indian officials is more optimistic. Indian Commerce Minister Goyal visited the United States earlier this month and stated that he had a "forward-looking discussion" on a trade agreement with Trump officials, and both sides hope to reach an agreement before the fall of this year.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo