North India Statesman
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US President Donald Trump on Friday praised Prime Minister Narendra Modi and called him a “great friend” and “very smart man”. During the White House press briefing, Trump reiterated his stance on India’s high import duty policy and said that India is one of the most tariffs in the world.
Trump said, “Prime Minister Modi had come to America recently. We have always been good friends. India is very smart and Prime Minister Modi is also a very intelligent person. Our conversation was fantastic, and I think it will bring positive results in India and America relations. You have a brilliant Prime Minister.”
America is preparing to impose tariffs on many countries including India from April 2
The US has been going to implement counter -counter -tariffs on many countries from April 2, including India. Trump had earlier criticized India’s trade policies and called it “Tariff King”. He said, “I have good relations with India, but their tariff rates are very high. I hope they will reduce it, but if it does not happen, we will also put equal tariffs on them from April 2.”
During Prime Minister Modi’s visit to the US in February, the two leaders agreed to negotiate the first phase of a multi-regional bilateral trade agreement (BTA) until the beginning of 2025.
America’s new tariffs and global effects
In his joint session address, Trump confirmed the implementation of retaliation from 2 April. He said that the US has faced uneven trade policies globally and is committed to stop it.
In addition, Trump also questioned the tariff policies of the European Union, China, Brazil and Mexico. He announced that the US would impose 25% tariffs on all imported vehicles, which would affect about half of vehicles sold in the US market. These new tariffs will be effective from April 2.
Trump’s move is being seen as an attempt to help a business balance, but it can affect business relations in many countries including the US-India.
