In a statement made on Saturday, President Donald Trump reiterated his administration라이브 바카라 plan to impose reciprocal tariffs on countries like India and China.
This reflects his longstanding stance on trade fairness and comes ahead of his meeting with Prime Minister Narendra Modi.
Speaking at the swearing-in ceremony of new Commerce Secretary Howard Lutnick, Trump emphasised the need for fairness in trade policies. “We’ll soon impose reciprocal tariffs because that means, they charge us, we charge them. It라이브 바카라 very simple. Whatever a company or a country, such as India or China or any of them, whatever they charge, we want to be fair... so reciprocal,” Trump said, according to a report by PTI.
The president also noted that this was a step the US had not previously taken, but was now preparing to implement. “We haven’t done that, we have never done that. We are getting ready to do it,” the 78-year-old Republican leader added.
This move builds upon remarks Trump made earlier in the week during a joint interview with Tesla CEO Elon Musk, in which he explained to Fox News that India would not be exempt from the US라이브 바카라 plan for reciprocal tariffs. “I told Prime Minister Modi yesterday – he was here – I said, ‘Here라이브 바카라 what we’re going to do: reciprocal. Whatever you charge, I’m charging,’” Trump shared.
The president also took a lighthearted jab during his speech, humorously noting that "tariff" had once been his favourite word but had since been relegated to fourth place behind “family,” “love,” and “God.” “I think, let라이브 바카라 put God first. You know why? Because we don’t want to take any chances,” Trump quipped.
The announcement comes just hours before Trump라이브 바카라 bilateral meeting with Prime Minister Modi. In the Oval Office, Trump made a clear declaration regarding the reciprocal tariff policy. “I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” he said while signing the proclamation. “It라이브 바카라 fair to all. No other country can complain.”
This latest move by the Trump administration continues its focus on trade imbalances and echoes previous decisions made during his first term. In May 2019, Trump had famously referred to India as a “tariff king” and subsequently terminated India라이브 바카라 preferential market access under the Generalized System of Preferences (GSP), citing that India had not provided the United States with “equitable and reasonable access” to its markets.
