Trump Announces Reciprocal Tariffs on India, China Starting April 2

In his recent address to Congress, President Donald Trump announced the implementation of reciprocal tariffs on several countries, including India and China, starting April 2. He emphasized that the U.S. has been exploited by unfair trade practices for decades and stated, 'Whatever they tax us, we will tax them.' Trump specifically criticized India's tariffs, which he noted exceed 100% on certain imports, arguing that this system is unfair to American businesses. The reciprocal tariffs are intended to counterbalance the higher tariffs imposed by other nations and could significantly impact trade relations, particularly with India, which heavily exports pharmaceuticals and textiles to the U.S. Analysts warn that these new tariffs could disrupt existing trade agreements and affect various sectors in both countries. As the implementation date approaches, businesses are closely monitoring the situation for potential long-term effects on bilateral trade.