Not 26%, But 27% Trump’s Tariff Imposed On India, Shows White House Order
White House annex listing the reciprocal tariff rates differed for at least 12 countries and two island nations
Washington has implemented a 27 per cent tariff on India, not the 26 per cent initially announced by US President Donald Trump, an order from the White House showed.
In addition to India, the revised reciprocal tariff rates affect more than a dozen countries. The new rates show an increase of exactly one percentage point from the figures publicly announced by Trump earlier.
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According to a review of published data by Bloomberg, the White House annex listing the reciprocal tariff rates differed for at least 12 countries and two island nations.
Besides India, the tariff rate also differed for countries like Pakistan, South Korea, Botswana, Cameroon, Malawi, Nicaragua, Norway, the Philippines, Serbia, South Africa, Thailand, and island nations such as Vanuatu and the Falkland Islands.
Trump’s reasoning for imposing tariff
Trump had said that the tariff is part of his administration’s strategy to address trade imbalances. He has repeatedly stated that India imposes high import duties on American goods, and the US aims to reduce its trade deficit while boosting domestic manufacturing.
Earlier today, Trump said that Prime Minister Narendra Modi was a “great friend" but that he had not been “treating us right." He made these comments while announcing the tariffs at the White House.
“India, very, very tough. Very, very tough. The Prime Minister just left. He’s a great friend of mine, but I said, ‘You’re a friend of mine, but you’re not treating us right. They charge us 52%. You have to understand, we charge them almost nothing for years and years and decades, and it was only seven years ago, when I came in, that we started with China," the US President said.
ALSO READ: ‘India-US Talks Underway For Mutually Beneficial Trade Agreement’: Govt After Trump’s Tariff Move
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