Tariff Row: US President Trump Says India Going To Drop Its Tariffs Very Considerably

United States President Donald Trump mentioned on Tuesday that India can be lowering its tariffs imposed on American items ‘very considerably’. Trump’s assertion got here after the White Home mentioned that India costs a 100% tariff on agri items and the US would provoke countermeasures. Trump has set an April 2 deadline for international locations to cut back tariffs or face counteraction.

Washington plans to impose reciprocal tariffs on a number of international locations, together with India and Europe. “Should you take a look at the European Union on automobiles, the European Union already dropped their tariff down to 2 and a half %……and I feel I heard that India just a bit whereas in the past goes to be dropping its tariffs very considerably,” mentioned Trump whereas speaking to reporters on the White Home.

The US President additional mentioned quite a lot of international locations will drop their tariffs as a result of they’ve been ‘unfairly tariffing’ the USA.

White Home Press Secretary Karoline Leavitt on Monday mentioned that many international locations have been concerned in unfair commerce practices. “Now we have 50% (tariff) from the European Union on American dairy and a 700% tariff from Japan on American rice. You’ve gotten a 100% tariff from India on American agricultural merchandise and almost 300% from Canada on American butter and cheese…This makes it just about inconceivable for US merchandise to be imported into these markets,” mentioned Leavitt.

She additional mentioned that it is time for reciprocity and historic change. US President Donald Trump is about to unveil a brand new tariff plan on April 2, which he dubbed as ‘Liberation Day’. “The President can be saying a tariff plan that may roll again the unfair commerce practices which have been ripping off our nation for many years. He is doing this in the most effective curiosity of the American employee,” mentioned Leavitt.