‘Heard That India Will Be Dropping Tariffs’: Donald Trump Ahead Of Announcing Reciprocal Levies
US President Donald Trump said he questioned why India did not do this before, that is to reduce tariffs on US goods.
US President Donald Trump on Monday told reporters that he heard that India will drop its tariffs on US goods “substantially", news agency PTI said in a report.
“I heard that India just a little while ago is going to be dropping its tariffs very substantially. I said, why didn’t somebody do this a long time ago? A lot of countries are going to be dropping their tariffs," Trump told reporters in the Oval Office of the White House, according to the news agency.
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He dismissed concerns over US allies shifting towards China in response to the new tariffs, stating he was “not worried at all."
“I think they might actually benefit from the tariffs. In some ways, it could help them," he said, adding that many allies could lower their own tariffs since they had been imposing unfair trade barriers on the US for years.
He said that his administration will be announcing some “big things" over the next two days. “It is going to be something that’s going to bring a lot of wealth back to the country. Other countries are understanding it because they’ve been ripping the US for 50 years (or) longer," he further added.
“I call it a lot of different names, but it’s really, in a sense, a rebirth of a country because how we could have afforded to do what we did, we helped everybody, and they didn’t help us. The term I like best probably is the liberation of America," the US President said.
He said that there is a reason the US has 36 trillion in debt for a reason and that it “accumulates over a long period of time".
“What you’re going to be seeing over the next couple of days will be very inspiring to a lot of people. They had a lot of auto plants being built in a certain country," he further explained.
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