United States President-elect Donald Trump, reiterated his plan to impose ‘reciprocal’ tariffs on India in retaliation for the “high taxes” charged by New Delhi on imports of certain American commodities. Trump made these remarks while responding to a question about the potential trade agreement with China. He further added that India and and Brazil were among the countries that imposed high tariffs on certain US products.
Trump said, “Reciprocal. If they tax us, we tax them the same amount. They tax us. We tax them. And they tax us. Almost in all cases, they’re taxing us, and we haven’t been taxing them.” “The word reciprocal is important because if somebody charges us India, we don’t have to talk about our own if India charges us 100 % do we charge them nothing for the same?
“You know, they send in a bicycle and we send them a bicycle. They charge us 100 and 200. India charges a lot. Brazil charges a lot. If they want to charge us, that’s fine, but we’re going to charge them the same thing,” Trump added. to a question, his Commerce Secretary pick Howard Lutnick said “reciprocity” is something that is going to be a key topic for the Trump administration, he said, “How you treat us is how you should expect to be treated.”
In a post on Social Truth in mid-November, Trump threatened to impose tariffs on products from Canada and Mexico if the countries didn’t stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25 % tax on all products entering the US from Canada and Mexico as one of his first executive orders. Following this, Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official has said.
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