Brief by Shorts91NewsDesk / 03:26am on 21 Mar 2025,Friday Business
U.S. President Donald Trump announced that he anticipates India will significantly reduce its tariffs on American goods. In a recent interview, Trump stated, "I believe India is probably going to be lowering those tariffs substantially." This development follows his earlier criticisms of India's high import duties, referring to the nation as a "tariff king" and highlighting the substantial trade imbalances between the two countries. Trump emphasized that if India does not adjust its tariffs by April 2, the U.S. will impose reciprocal tariffs equal to those India levies on American products. White House Press Secretary Karoline Leavitt further criticized India's trade practices, noting a 150% tariff on American alcohol and a 100% tariff on agricultural products.
