In response to New Delhi’s “high tariff” on the import of specific American goods, US President-elect Donald Trump has reaffirmed his plan to apply reciprocal tariffs.
“Reciprocal. If they tax us, we tax them the same amount. They tax us. We tax them. And they tax us. Almost in all cases, they’re taxing us, and we haven’t been taxing them,” Trump told reporters on Monday.
He said such things in response to a query about a possible trade deal with China. Trump claimed that nations that place hefty tariffs on specific US goods include Brazil and India.
“The word reciprocal is important because if somebody charges us — India, we don’t have to talk about our own — if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle and we send them a bicycle. They charge us 100 and 200. India charges a lot. Brazil charges a lot. If they want to charge us, that’s fine, but we’re going to charge them the same thing,” Trump said at a news conference at Mar-a-Lago.
In response to a query, his choice for Commerce Secretary Howard Lutnick stated that “reciprocity” will be a major focus of the Trump administration. “You should expect to be treated the same way you treat us,” he remarked.
