'We'll tax them': Trump vows reciprocal tariffs against India starting April 2
PTC News Desk: US President Donald Trump has vowed to impose reciprocal tariffs against India starting April 2 for "having trade policies that are unfair to Americans".
While addressing a joint session of the US Congress, Trump said that the reciprocal tax will kick in on April 2. He said that the US has been ripped off for decades by nearly every country on earth and vowed not to "let that happen any longer."
Trump said, " Under the Trump administration, you will pay a tariff and in some cases a rather large one. Other countries have used tariffs against us for decades and now it's our turn to start using them against those other countries. On average the European Union China, Brazil India Mexico and Canada have you heard of them and countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair. India charges us auto tariffs higher than 100 percent."
He also spoke about the tariffs imposed by the European Union, China, Brazil and Mexico and announced that the US will impose tariffs on other nations based on what they do to the US.
Stressing that the system is "not fair to the US", Trump said, "This system is not fair to the United States and never was. And so on April 2nd, I wanted to make it April 1st, but I didn't want to be accused of April Fool's Day. That's not -- this one day was -- cost us a lot of money. But we're going to do it in April. I'm a very superstitious person. April 2nd, reciprocal tariffs kick in. And whatever they tariff us, other countries, we will tariff them."
- PTC NEWS
