Key points
- They are going to probably going to be lowering those tariffs substantially: Trump
- Says on April 2, we will be charging India the same tariffs they charge US
- On February 13, the US issued a memorandum on reciprocal trade and tariffs
ISLAMABAD: US President Donald Trump, in an interview with Breitbart News on Wednesday, said he believes India will reduce tariffs on American goods, according to Business Today.
“I believe they are going to probably going to be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they charge us,” Donald Trump was quoted as saying.
Asked about his recent summit with Indian Prime Minister Narendra Modi, Trump said he has a “very good relationship” with India but that India has too many high tariffs on the United States, according to Breitbart.com.
“I have a very good relationship with India, but the only problem I have with India is they’re one of the highest tariffing nations in the world,” Trump said.
Tariffs are government-imposed import duties that companies must pay to bring foreign goods into a country.
“Very unfair”
According to MSN News, Trump has criticised India and other nations for imposing high tariffs on American goods, calling them “very unfair”.
On February 13, the US issued a memorandum on reciprocal trade and tariffs, directing the commerce secretary and the US trade representative (USTR) to assess the impact of non-reciprocal trade arrangements on the US economy.
They are required to investigate potential harm and submit a report with proposed remedies for each trading partner, according to the MSN News.
