Trump announces imposing tariffs on Indian products

US President Donald Trump has promised to impose reciprocal tariffs from April 2 on most of America's trading partners, including India.

Trump said while addressing a Joint Session of the US Congress on Tuesday.

This comes just weeks after Prime Minister Narendra Modi’s visit to the US raised hopes among Indian industry that a trade deal with America could help New Delhi secure relief from sweeping tariffs in exchange for market access for US products in India. India had proactively slashed tariffs on a number of items such as bourbon whiskey even before negotiations began.

Trump's pledge of reciprocal tariffs came a day after his new 25 per cent tariffs on Canadian and Mexican imports took effect, along with a doubling of duties on Chinese goods to 20 per cent. 

As a result, the US's three largest trading partners have announced retaliatory measures against the US.
He singled out the auto sector, where he said India charges tariffs of over a 100 per cent.

“India charges us 100 per cent tariffs; the system is not fair to the US, it never was. On April 2, reciprocal tariffs kick in. Whatever they tax us, we will tax them. If they use non-monetary tariffs to keep us out of their market, then we will use non-monetary barriers to keep them out of our market,” he said.