In a recent showdown at the White House, U.S. President Donald Trump didn't hold back, taking aim at India's high tariffs on American goods. 🛑
\"We are right now a reciprocal nation,\" Trump declared during a joint press conference with Indian Prime Minister Narendra Modi. He emphasized that the U.S. would respond in kind to any trade barriers, making it clear that a fair trade relationship is on the horizon.
Trump highlighted the Avg. Most Favored Nation tariff of 39% imposed by India, labeling it as \"unfair\" and a major hurdle for American businesses trying to enter the Indian market. \"Whatever charges, we're charging them,\" he asserted, signaling a tough stance on trade negotiations.
But it's not all tension. The U.S. is ramping up military sales to India, with promises of providing F-35 stealth fighters. ✈️ This move aims to strengthen ties and boost defense collaboration between the two nations.
Meanwhile, Modi is optimistic about increasing bilateral trade, setting a target to more than double trade to $500 billion by 2030. 🌐 India has also made concessions, such as lowering tariffs on Harley-Davidson motorcycles, easing some trade pressures.
With these developments, the U.S. and India are navigating a complex trade landscape, balancing reciprocal tariffs with strategic partnerships to forge a path forward. Stay tuned as this story evolves! 🔍
Reference(s):
Trump slams India's high tariffs, vows to charge reciprocal levies
cgtn.com
