Washington: President Donald Trump on Tuesday threatened to raise tariffs on Indian imports as high as 25% if the allied nations cannot complete a long-sought trade agreement.
“They are going to pay 25%,” Trump said.
When asked by a reporter if India would pay tariffs of 20% to 25%, Trump said, “Yeah, I think so. India has been – they’re my friends.
President Donald Trump said that India may be hit with a tariff rate of 20% to 25%, while cautioning that the final levy still hadn’t been finalized as the nation negotiate a trade deal ahead of an Aug. 1 deadline.
It should be noted that President Trump announced the implementation of a 26 % tariff on Indian products in April, which was postponed till July.
He warned Apple that if the company did not manufacture its iPhones in the United States, it would face 25 % tariff, while President Trump had stopped the manufacturing plant of the car maker Tesla from being planted in India.
