Donald Trump is repeatedly changing his attitude before Tariff Day on 2 April, what does it mean for India?

New Delhi: US President Donald Trump has called the day liberation day when he is going to put heavy tariffs on many countries from April 2. But given the way Trump is taking a U-turn, it is difficult to say, if not impossible, what he will do.

Despite this, he has given some ‘hit’ films. Everyone’s eyes are on him. They have said that they will give concessions to some countries.

The nearest neighbor and business partners of America like India are demanding exemption from TRP’s tariff. But Trump has said that it will be difficult to get such a discount.

On Monday, March 24, he said: “The automobile tariff will be implemented as soon as possible.” However, he also said that it will not be implemented from April 2 and some countries will also get discounts. However, no clarification was given on how many concessions would be given on the fact.

He said: In the near future, tariffs will be imposed on auto pharmaceuticals and aluminum.

On the other hand, his two senior officials, Treasury Secretary Scott Besant and Chief Economic Advisor of the White House Kevin Haset said that the President will wait to see what other countries levy before taking a final decision.

Reuters, citing government sources, said that India is ready to impose tariffs on more than half of its $ 23 billion imports under the first phase trade agreement with Washington. India will do this so that it does not have to face retaliation from 2 April. New Delhi has speculated that if the counter duty is imposed, the US would be affected by 87% of its $ 66 billion exports.

According to data from the World Trade Center, the US currently trade deficit with India is $ 45.6 billion, with the average tariff 2.2%, which is much less than India’s 12%.