United States President Donald Trump said that India would be reduced its tariffs imposed on American goods ‘very substantially’. Trump’s statement came after the white house said that India charges a 100% tariff on agri goods and the us would initiate countermeasures. Trump has set an april 2 deadline for countries to reduce tariffs or face countection.
Washington plans to impose reciprocal tariffs on Several Countries, Including India and Europe. “If you look at the european union on cars, The European Union Alredy Dropped Their Tariff Down to two and a half percent …… and i think I heard that India just a little etc. Very substantially, “said trump While Talking to Reporters at the White House.
The US President Further said a lot of counts will drop their tariffs because they have been ‘unfairly tarifing’ the united states.
White House Press Secretary Karoline Leavitt on monday said that many countries have been involved in unfair trade practices. “We have 50% (tariff) from the european union on American dairy and a 700% tariff from japan on American rice. On American butter and cheese … this makes it virtually impossible for us products to be important into these markets, “said Leavitt.
She further said that it’s time for reciprocity and history. Us President Donald Trump is set to unveil a new tariff plan on April 2, which he dubbed as ‘liberation day’. “The President will be announcing a tariff plan Leavitt.