Trump Threatens to Impose Additional Tariffs on Indian Goods
US President-elect Donald Trump has threatened to impose additional tariffs on Indian goods even before taking oath. He has also announced similar plans for Brazil.
According to a report by Indian news agency PTI, Trump made these remarks on Tuesday (December 17) while speaking to journalists at his Mar-a-Lago residence.
"If any country imposes excessive tariffs on us, the United States will impose equally high tariffs on their goods," Trump said, referring to India and Brazil. He claimed these countries impose significant tariffs on American products in nearly all sectors, whereas the US has not reciprocated similarly.
Trump emphasized the need for fairness in trade. "If India imposes a 100% tariff on American goods, the U.S. will impose the same rate of tariff on Indian goods. They can impose tariffs on us if they wish, but we will do the same,'' he added.
Earlier, Trump's designated Commerce Secretary Howard Lutnick had made similar statements. He said, "The principle of mutual benefit will be crucial for the new administration. The way you treat us will reflect how we treat you — that's a fair expectation."
On November 5, Donald Trump, the Republican candidate, won the US presidential election, marking a historic return to power. However, he has not yet formally assumed office. Trump is set to be sworn in as the US President on January 20.
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