Donald Trump, president of the United States, has stated that his administration did” quickly” impose tariffs on nations like China and India. Trump reiterated at the meeting where business director Howard Lutnick sworn in on Friday that the US would follow the price practices of its trading partners, creating a level playing field.
Trump was quoted by the news agency PTI saying,” We’ll soon establish mutual taxes because that means, they charge us, we charge them.
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It’s really simple”, Trump said in Washington. ” Whatever a corporation or a state, such as let’s suggest India or China or any of them, whatever they charge, we want to be honest… but reciprocal. Mutual indicating,’ they charge us, we charge them ‘”.
‘ We haven’t done that, we have not done that. We are getting ready to complete it, “he added.
The news comes in response to Trump’s new discussions with Narendra Modi during the latter’s trip to the US funds. Trump had conveyed the exact information to PM Modi, making it clear that India would not be free from Washington’s tax plans”. I told Prime Minister Modi monday- he was ok- I said,’ How’s what we’re going to do: cooperative. Whatever you charge, I’m charging,'” Trump said in an appointment with Fox News earlier this year.
India’s tariff policy and response
India has maintained that its tariffs are within the WTO’s ( WTO ) prescribed limits. According to sources, India’s common taxes stand at around 17 %, which has been steadily reduced over time. The government has also indicated its willingness to engage in diplomatic negotiations with the US, but it insists that reductions cannot be made at all, especially given the impact of China’s political factors, according to PTI.
To solve US problems, India has already made some price concessions, including reducing tasks on whiskey whiskey and motorcycles, benefiting National brands like Harley-Davidson.
Yet, the US continues to push for further cuts. Authorities in India are closely monitoring Washington’s actions and examining the possible effects of reciprocal levies on particular companies.
They remain questionable whether Trump’s plan may be country-specific or product-specific and whether non-tariff obstacles may also come into play.
Trump’s tax approach extends beyond India
Trump’s violent price coverage is not limited to India. Since returning to business, he has escalated tax measures against significant US buying partners, including China, Canada, Mexico, and the European Union. He reportedly considers imposing a 25 % tariff on lumber, and earlier this month he added an additional 10 % to the Chinese imports.
China, in response, has hit back with retaliatory tariffs, imposing 15 % duties on US coal and liquefied natural gas, and 10 % on oil, agricultural machinery, and vehicles.
The Chinese government warned that price wars have no winners and even harm people’s interests worldwide, and that Washington should resolve industry disputes with “mutual respect.”
Meanwhile, European Union Vice President Maros Sefcovic called for a “win-win relationship” between the US and the EU and warned of a swift response if the US imposes tariffs on European items.
Trump’s press for mutual tariffs is a part of his wider plan to reduce the US trade deficit, which, according to the Bureau of Economic Analysis, was 295.4 billion in 2024.
But, financial experts warn that tariffs could cause higher costs for British consumers more than considerably lowering international exporters.
