US President Donald Trump Announces New Tariffs on India

US President Donald Trump has announced a significant 26% 'discounted' reciprocal tariff on India during the "Make America Wealthy Again" event in the Rose Garden. Trump emphasized that these charges are not fully reciprocal but partial, marking a new chapter in US-India trade relations.

Trump's Remarks on India and PM Modi

During the press conference, Trump referred to Prime Minister Narendra Modi, who visited the US in February, as his "great friend." However, he criticized India for "not treating the US right," highlighting the complexities of their bilateral relationship.

The Rationale Behind the Tariffs

"For decades, our country has been looted, pillaged, and plundered by nations near and far, both friend and foe alike," Trump stated, explaining the rationale behind the new tariffs aimed at protecting American interests.