Tarriff War: Donald Trump announces 26% ‘discounted reciprocal tariff’ on India

#TrumpreciprocaltariffIndia
U.S. President held up a chart that indicated that India charged 56% tariffs “including currency manipulation and trade barriers”

White House, USA: U.S. President Donald Trump on Wednesday (April 2, 2025) listed the high tariffs charged by India on American products as he announced reciprocal tariffs on countries across the board, declaring a 26% “discounted reciprocal tariff” on India.

“This is Liberation Day, a long-awaited moment. 2nd April 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again. We are going to make it wealthy, good, and wealthy,” Mr. Trump said on Wednesday (April 2, 2025) in remarks from the Rose Garden at the White House as he announced the closely watched reciprocal tariffs on countries that impose levies on American goods.

“The United States charges other countries only a 2.4% tariff on motorcycles. Meanwhile, Thailand and others are charging much higher rates, like 60%. India charges 70%, Vietnam charges 75%, and others charge even higher rates,” he said.

“Likewise, until today, the United States has, for decades, charged a 2.5% tariff. Think of that 2.5% on foreign-made automobiles. The European Union charges us more than 10% tariffs, and they have a 20% VAT much, much higher. India charges 70% and perhaps worst of all are the non-monetary restrictions imposed by South Korea, Japan, and many other nations as a result of these colossal trade barriers.”

As he announced the tariffs, he held up a chart that showed the tariffs that countries such as India, China, the U.K., and the European Union charge, along with the reciprocal tariffs that these countries will now have to pay.