World Watch
#TrumpTariffs : US President Donald Trump Keeps His Word Announces 26%Reciproral Tariff On India ; 34% On China
Joined by factory and automotive workers, as well as members of his Cabinet in the audience, Trump signed the “historic Executive Order” instituting reciprocal tariffs on countries throughout the world.
US President Donald Trump announced a 26 per cent “discounted reciprocal tariff” on India, half of the 52 per cent levies imposed by India on American goods, as he described India as “very, very tough.”
”This is Liberation Day, a day we’ve been waiting for a long time. 2nd April 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day we began to make America wealthy again, going to make it wealthy, good, and wealthy,” Trump said on Wednesday 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.
In his nearly hour-long remarks on a cold Wednesday late afternoon in the Rose Garden, Trump listed various countries from around the world and the tariffs they charge on US products, saying, “For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike. American steelworkers, auto workers, farmers, and skilled craftsmen. They really suffered gravely. They watched in anguish as foreign leaders stole our jobs. Foreign cheaters ransacked our factories, and foreign scavengers tore apart our once-beautiful American dream.”
Joined by factory and automotive workers, as well as members of his Cabinet in the audience, Trump signed the “historic Executive Order” instituting reciprocal tariffs on countries throughout the world.
”Reciprocal. That means they do it to us and we do it to them. Very simple. Can’t get any simpler than that,” Trump said to applause from those gathered for the event.
”Let me offer just a few examples of the vicious attacks our workers have faced for so many years. The United States charges other countries only a 2.4 per cent tariff on motorcycles. Meanwhile, Thailand and others charge much higher rates, like 60 per cent. India charges 70 per cent, Vietnam charges 75 per cent, and others are even higher than that.
”Likewise, until today, the United States has for decades charged a 2.5 per cent tariff. Think of that — 2.5 per cent on foreign-made automobiles. The European Union charges us more than 10 per cent tariffs. India charges 70 per cent and perhaps worst of all are the non-monetary restrictions imposed by South Korea, Japan, and very many other nations,” he said.
