Brief by Shorts91NewsDesk / 04:47am on 07 Mar 2025,Friday Business
U.S. President Donald Trump has labeled India a "very high tariff nation," criticizing its substantial levies on American goods. He announced that starting April 2, the U.S. will implement reciprocal tariffs on countries imposing high duties on U.S. products. Trump highlighted that while nations like India and China impose tariffs ranging from 150% to 200% on American goods, the U.S. often charges them nothing in return. He also pointed out that Canada imposes a 250% tariff on U.S. milk products. This move aims to address what Trump describes as long-standing trade imbalances, asserting that the new tariffs will be a "big game changer" for the U.S.
