Washington: As the world comes to terms with Donald Trump’s sweeping reciprocal tariffs and India ‘carefully examines’ implications, the US President is a satisfied man.
A day after imposing his ‘Liberation Day’ tariffs on multiple countries including India, China and the European Union, Trump said on Thursday the ‘operation is over.’
“THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!!!” Trump wrote on his Truth Social platform.
announced reciprocal tariffs on several countries – including a 27% tariff on Indian goods. Trump’s new policy imposes a 10% baseline tariff on all imports, with even steeper penalties for countries who, according to Trump, have “unfair trade barriers”— 45% for Vietnam, 36% for Thailand, and 32% for Taiwan, among others. The measure, long proposed by Trump after taking office, is
As part of his ‘America First’ and ‘Make America Great Again’ policy, the Trump administration on Wednesday announced varying rates of tariff ranging from 20% to 46%.
India was slapped 27% tariffs, which includes a universal 10% duty on all imports into the US starting from April 5.
In its first official response to American tariffs, India’s Department of Commerce said on Thursday it was carefully examining the implications of the measures and announcements made by Trump.
“The Department of Commerce is engaging with all stakeholders, including Indian industry representatives and exporters, to gather feedback on their assessment of the tariffs and analyse the situation. Keeping in view the vision of Viksit Bharat, the department is also studying potential opportunities that may arise due to this shift in US trade policy,” the Ministry of Commerce and Industry said in a press release.
The statement further said that discussions are underway between Indian and US trade teams to finalise a mutually beneficial, multi-sectoral Bilateral Trade Agreement. “These negotiations encompass a broad range of issues, including supply chain integration, investment growth, and technology transfers,” the statement said.
