Amid trade war with Canada, Donald Trump again highlights ‘very high tariffs’ by India

US President Donald Trump has as soon as once more taken intention at India’s excessive tariffs, declaring that reciprocal tariffs on nations imposing levies on American items will take impact on April 2.

Talking from the Oval Workplace on Thursday whereas signing government orders, Trump described India as a “very excessive tariff nation” and reiterated his administration’s stance on imposing equal tariffs on nations that impose heavy duties on American exports.

“And the massive one shall be on April 2, when reciprocal tariffs, so if India or China, or any of the nations that actually… India is a really excessive tariff nation,” Trump said.

Indian officers are hopeful of reaching a decision that would assist India escape the tariffs and ultimately culminate in a commerce deal by this fall. Commerce Minister Piyush Goyal is in Washington for commerce talks along with his US counterpart Howard Lutnick.

That is the second time in as many days that Trump has remarked about India’s tariffs.

In his handle to the joint session of Congress on Tuesday, the primary of his second time period within the White Home, Trump criticized the excessive tariffs charged by India and different nations and termed them as “very unfair”.

Trump’s reciprocal tariffs

Addressing lawmakers from the US Capitol, Trump had introduced that reciprocal tariffs will kick in subsequent month.

“If you happen to don’t make your product in America, nonetheless, beneath the Trump administration, you’ll pay a tariff and in some instances, a somewhat massive one. Different nations have used tariffs in opposition to us for many years and now it’s our flip to start out utilizing them in opposition to these different nations,” Trump had mentioned.

In his speech on Thursday, Trump additionally focused Canada, calling out its excessive tariffs on American milk merchandise and lumber. “I’ll inform you what’s a excessive tariff nation – it’s Canada. Canada prices us 250% for our milk product and different merchandise, and an incredible tariff with lumber and issues as such. And but we don’t want their lumber. We now have extra lumber than they do,” he mentioned.