Trump Announces Reciprocal Tariffs on India and Others

US President Donald Trump announced plans to impose reciprocal tariffs on countries like India, China, and others, effective April 2, during his address to Congress. Trump criticized what he called "very unfair" trade practices, citing India's auto tariffs exceeding 100% as an example. He argued that the US has long faced higher tariffs from other nations and is now taking steps to level the playing field.

Trump emphasized that no country, including India, would be exempt from these measures. He reiterated this stance during Prime Minister Narendra Modi's recent visit to Washington, making it clear that India would face equivalent tariffs. Trump's strategy involves matching the tariff rates imposed by other nations on US exports, ensuring a "reciprocal" approach to trade.

This announcement follows previous tariff impositions on Mexico, Canada, and China, which have sparked criticism from international leaders. Canadian Prime Minister Justin Trudeau accused Trump of undermining Canada's economy while favoring Russia, highlighting the growing tensions in global trade relations. Trump's move reflects his broader push to address what he sees as inequitable trade policies and protect US economic interests.