Trump threatens to impose reciprocal tariffs on India
Financial Express Kolkata|December 19, 2024
US PRESIDENT-ELECT DONALD Trump has said that India charges "a lot" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
LALIT K JHA

Making these remarks on Tuesday, Trump also said that India and Brazil were among countries that impose high tariffs on certain US products.

"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," Trump told reporters on Monday.

HE MADE THE remarks while responding to a question on a potential trade agreement with China. Trump said India and Brazil were among countries that impose high tariffs on certain US products.

"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?"Trump said.

This story is from the December 19, 2024 edition of Financial Express Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 19, 2024 edition of Financial Express Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS KOLKATAView All
Financial Express Kolkata

Tech firms face setback as Wi-Fi spectrum allocation plan nixed

DoT DECISION MAY DELAY ADOPTION OF NEXT-GENERATION DEVICES

time-read
2 mins  |
January 20, 2025
Financial Express Kolkata

EPFO Discusses Pendency of Applications for Higher Pensions

THE EXECUTIVE COMMITTEE (EC) of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation's (EPFO) on Saturday discussed the status of the pending applications of subscribers who opted for higher pensions, post a Supreme Court ruling in 2022.

time-read
1 min  |
January 20, 2025
Financial Express Kolkata

ArcelorMittal Nippon Steel's two new output lines to boost auto biz

ArcelorMittal Nippon Steel (AM/NS) India is looking to give a boost to its automotive steel business with the scheduled commissioning of two production lines dedicated to manufacturing advanced automotive steel products.

time-read
2 mins  |
January 20, 2025
Financial Express Kolkata

India Leads in Disaster Management, Says Shah

BACKED BY RESILIENT infrastructure in the area of disaster management, India has emerged as a global leader in the sector by adopting a 'zero casualty' goal during calamities, Union home minister Amit Shah said on Sunday.

time-read
1 min  |
January 20, 2025
Financial Express Kolkata

FPIs Take Out ₹44,396 Crore From Equities So Far in Jan

FOREIGN INVESTORS HAVE pulled out ₹44,396 crore from Indian equities this month, driven by strength of the dollar, rising bond yields in the US, and expectations of a weak earnings season.

time-read
1 min  |
January 20, 2025
Financial Express Kolkata

Hindenburg founder faces scrutiny

NATE ANDERSON, 'ACTIVIST' short-seller who has announced shutting down of his almost eight years old research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario.

time-read
1 min  |
January 20, 2025
Financial Express Kolkata

'America First' stalls bond issuance bonanza in EMs

A RECORD START to the year for emerging-market bond sales is at risk of fizzling as high Treasury rates hamper weaker credits from tapping international capital.

time-read
1 min  |
January 20, 2025
Financial Express Kolkata

Chennai Express charges ahead

Refined, familiar, and the fastest Creta ever produced, with more than 400 km real range

time-read
2 mins  |
January 20, 2025
Financial Express Kolkata

No way to declare exempt gift in ITR

These can trigger an I-T notice if not properly reported

time-read
2 mins  |
January 20, 2025
Financial Express Kolkata

Trump Promises Executive Order Aiding TikTok

PRESIDENT-ELECT DONALD Trump asked technology companies to \"not let TikTok stay dark\" and announced he would extend a deadline to sell the company after the video platform suspended its services in the US and Apple and Google removed the platform from their app stores.

time-read
1 min  |
January 20, 2025