Trump Unveils Tariffs: A Focus on India and Global Trade Practices
President Trump announced tariffs targeting nearly all countries, including a 26 percent tariff on India, citing its high 52 percent tariffs on US products. He emphasized the need for fair trade practices and marked April 2, 2025, as Liberation Day for American industry. The baseline 10 percent tariff will impact about 60 countries, starting April 9, aiming to correct trade imbalances.
In a recent address from the White House, President Donald Trump announced new tariffs affecting nearly all countries, specifically highlighting a reciprocal tariff of 26 percent aimed at India. During the “Make America Wealthy Again” event, he pointed out that India’s tariffs are disproportionately high compared to those of the United States, which he noted has charged minimal tariffs for decades.
Trump stated, “India, very, very tough. The Prime Minister just left. He’s a great friend of mine, but I said, ‘You are a friend of mine, but you are not treating us right.’” This remark underscores his frustration with India’s 52 percent tariff on American goods, contrasting the very low rates charged by the US.
The President emphasized that April 2 would signify a major turning point for American industry, marking it as Liberation Day. He claimed this date would be remembered as one where America’s economic destiny was reclaimed. He stated, “We are going to make it wealthy, good, and wealthy,” expressing his vision for the future of American wealth.
A White House official confirmed that these tariffs would take effect on April 9 and would apply to approximately 60 countries. Additionally, Trump announced a baseline 10 percent tariff on all imports, with higher duties on major trading partners set to begin soon after.
The President also pointed out disparities in motorcycle tariffs, stating, “The United States charges only a 2.4 percent tariff on motorcycles while Thailand, India, and Vietnam charge significantly more, up to 75 percent.” This illustrates the inconsistencies in global trade practices.
Previously, Trump instituted a 20 percent tariff on imports from China and a 25 percent tariff on steel and aluminum, impacting roughly $150 billion worth of goods. The ongoing focus on tariffs highlights Trump’s strategy to address trade imbalances and boost domestic industries.
President Trump has announced significant tariffs affecting many countries, especially India, where he criticized its high tariffs relative to the US. With a baseline 10 percent tariff set to begin, Trump’s policies aim to rectify trade imbalances and alleviate economic disparities. His call for Liberation Day highlights the administration’s focus on revitalizing American industry amidst global competition.
Original Source: www.livemint.com
