Just in - It’s very Unfair, 🇮🇳India charges us auto tariffs higher than 100%, 🇨🇳China’s Average Tariff on our products is twice of what we charge them and 🇰🇷South Korea’s tariff is 4 time higher.
— Crypto India (@CryptooIndia) March 5, 2025
- Donald Trump pic.twitter.com/Unj8vIB14n
Brief by Shorts91NewsDesk / 06:10am on 05 Mar 2025,Wednesday Business
President Donald Trump announced the implementation of reciprocal tariffs targeting countries like India, China, Brazil, and South Korea, effective April 2, 2025. These measures aim to counteract what he perceives as unfair trade practices, where these nations impose higher tariffs on U.S. products compared to the minimal or nonexistent tariffs the U.S. charges on their goods. Trump highlighted that India imposes over 100% tariffs on certain American products, while China and South Korea also maintain significantly higher tariffs. He emphasized that these reciprocal tariffs are designed to protect American farmers, manufacturers, and workers from longstanding imbalanced trade policies. Trump also criticized the quality of imported goods, labeling them as "dirty and disgusting" due to inadequate testing before entering the U.S. market.
