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Donald Trump's message to India over high tariffs: 'They tax us, we tax them'
CMA CGM will deploy a 100% electric barge from 2026 powered by green electricity, alongside dedicated charging infrastructure supported by a new solar farm at its partially owned Gemalink Terminal in Cai Mep in southern Vietnam.
Dr.G.R.Balakrishnan Dec 19 2024 Exim & Trade News

Donald Trump's message to India over high tariffs: 'They tax us, we tax them'

US President-elect Donald Trump has stated his plan to impose reciprocal tariffs on countries, including India that levy high duties on American goods.

Speaking to reporters on Monday, Trump emphasised that if other nations tax US products, the US will respond in kind.

 “Reciprocal. If they tax us, we tax them the same amount. They tax us. We tax them. And they tax us. Almost in all cases, they're taxing us, and we haven't been taxing them,” news agency PTI quoted Trump as saying.

Donald Trump made the remarks while responding to a question on a potential trade agreement with China. However, he specifically pointed to India and Brazil, saying these were among countries that impose high tariffs on certain US products.

In his Monday's16 Dec  interaction, Trump stressed that fairness is key, noting that if India charges a 100% tariff on US goods, the US will do the same in return.

“The word reciprocal is important because if somebody charges us — India, we don't have to talk about our own — if India charges us 100%, do we charge them nothing for the same? You know, they send in a bicycle and we send them a bicycle," Trump said.

"They charge us 100 and 200. India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing,” Trump said at the news conference at Mar-a-Lago.

Meanwhile, outgoing Biden administration said on Tuesday it was leaving the India-US relationship "in a very strong place", and exuded confidence that it will continue to have bipartisan support during the Donald Trump presidency as well.

“We continue to be very ambitious about the US-India relationship. We've had very high-level engagement over the course of the last several months with the QUAD summit in Delaware, and we are anticipating a high-level engagement in the last few weeks of the Biden administration,” Kurt Campbell, Deputy Secretary of State, told reporters during a conference call in Washington on Tuesday.