‘India charges tremendous tariffs’: Trump on reciprocal taxes

US President Donald Trump announced a plan for ‘reciprocal tariffs’ on both allies and rivals before meeting PM Modi. The tariffs aim to address unfair trade practices and trade deficits, with emerging markets like India and Thailand potentially facing significant impacts. The plan also includes non-tariff considerations such as VAT.

​US President Donald Trump announced a plan for ‘reciprocal tariffs’ on both allies and rivals before meeting PM Modi. The tariffs aim to address unfair trade practices and trade deficits, with emerging markets like India and Thailand potentially facing significant impacts. The plan also includes non-tariff considerations such as VAT.