In a major trade move, former US President Donald Trump has announced new tariffs on multiple countries, including India. Late Sunday night, Trump declared retaliatory tariffs of 26% on India and 34% on China. These tariffs, ranging from 10% to 49%, will take effect from April 9 across nearly 180 countries.
Key Announcements from Trump’s Speech:
“Make America Wealthy Again” Event: Trump unveiled the new tariff policy at the White House, calling it a “reciprocal tariff” that is more lenient than what the US faces from other nations.
26% Tariff on Indian Imports: Trump justified the move by stating that India imposes a 52% tariff on US goods.
Relationship with India: While calling PM Narendra Modi a “good friend,” Trump emphasized that India’s trade policies are tough on the US.
Global Tariff Measures:
Auto sector: 25% tariff imposed
Motorcycles from other countries: 2.4% duty
Heavy tariffs on Thailand, Vietnam, and others: India charges up to 60%, Vietnam 70%, and some nations impose 75% or more
New Tariff Rates:
India: 26%
China: 34%
Vietnam: 46%
European Union: 20%
Switzerland: 31%
Taiwan: 32%
UK: 10% (one of the lowest rates)
Trump framed these tariffs as a necessary step to boost the American economy, stating, “Now it’s our turn to get rich.”
LIBERATION DAY RECIPROCAL TARIFFS pic.twitter.com/ODckbUWKvO
— The White House (@WhiteHouse) April 2, 2025
