US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “excessive tariff” imposed by New Delhi on import of sure American merchandise.
“Reciprocal. In the event that they tax us, we tax them the identical quantity. They tax us. We tax them. And so they tax us. Virtually in all circumstances, they’re taxing us, and we’ve not been taxing them,” Trump informed reporters on Monday.
He made the remarks whereas responding to a query on a possible commerce settlement with China. Trump mentioned India and Brazil have been amongst international locations that impose excessive tariffs on sure US merchandise.
“The phrase reciprocal is vital as a result of if someone costs us — India, we do not have to speak about our personal — if India costs us 100 per cent, will we cost them nothing for a similar? , they ship in a bicycle and we ship them a bicycle. They cost us 100 and 200. India costs so much. Brazil costs so much. In the event that they need to cost us, that is advantageous, however we’ll cost them the identical factor,” Trump mentioned at a information convention at Mar-a-Lago.
Responding to a query, his Commerce Secretary choose Howard Lutnick mentioned “reciprocity” is one thing that’s going to be a key subject for the Trump administration. “The way you deal with us is how you must anticipate to be handled,” he mentioned.
(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
