US President Donald Trump announced a baseline rate of 10 per cent on all imports and higher individualised rates for dozens of countries, including 26 per cent for India, 34 per cent for China and 20 per cent for the EU.
Calling the move a “kind reciprocal”, Trump said the tariffs will not be fully reciprocal and the US will charge countries around half of the levies they put on Washington.
In a press conference at the White House, Trump showed a chart showing the list of countries, including India, with the new tariffs to be imposed on them and the current levies the nations impose on the United States.
He said that India imposes a 52 per cent tariff on US imports. Quoting news agency Reuters, a senior White House official said the reciprocal tariffs will go into effect on April 9 at 12.01 am.
Recalling PM Narendra Modi’s visit to the US in February, he called him his “great friend” but said India “hasn’t been treating the US right” due to its “very tough” tariffs.
