Trump Slams ‘Very High’ India Tariffs as Modi Seeks Reprieve
US President Donald Trump has been vocal about India’s high tariffs, labeling the country as a “tariff king” and criticizing its trade policies as unfair to American businesses. Trump recently claimed that India has agreed to reduce tariffs significantly, stating that “somebody is finally exposing them for what they have done”. This comes amid ongoing trade tensions and discussions between the two nations, with India seeking to avoid reciprocal tariffs set to take effect on April 2.
Trump’s Criticism: Trump has repeatedly criticized India’s high tariffs, particularly in the auto sector, where tariffs can exceed 100%.
India’s Response: India has made some concessions, such as reducing tariffs on whiskey and motorcycles, and is open to further tariff cuts to ease trade tensions.
Trade Negotiations: Both countries are working towards a Bilateral Trade Agreement (BTA) to enhance market access and reduce trade barriers.
Reciprocal Tariffs: The US plans to impose reciprocal tariffs on India starting April 2 unless trade issues are resolved.
Bilateral Trade Goals: The two nations aim to boost bilateral trade to $500 billion by 2030.
Despite these developments, the Indian government remains cautious, emphasizing ongoing discussions to reach a mutually beneficial agreement.
