Amid high tariffs, President Donald Trump threatens India to stop trading

Pushing ‘America first’ motto, US President Donald Trump on Sunday threatens India to stop foreign trading as a reaction which comes after India increased tariffs on the US goods. Trump further stressed that US will do whatever is required to have fair trade with other countries.

Addressing G7 summit press briefing, Trump said, “I mean, we have India, where some of the tariffs are 100 percent. A hundred per cent. And we charge nothing. We can’t do that. And so we are taking to many countries. We’re talking to all countries. And it’s going to stop. Or we’ll stop trading with them. and that’s a very profitable answer if we have to do it”.

The turning comment comes as an effect when Donal trump was discussing about his country decline in the export sector and especially in the farming and agricultural sector.

Further adding Trump said, “Tariffs are going to come down because people cannot continue to do that. We’re like the piggybank that everybody is robbing. And that ends”.

Trump was not satisfied with the Indian government to slash the tariff on motorcycles from 75% to 50% and asked that it should be reciprocal as US imposes zero tax.

Talking about the conversation with the PM Modi, Trump called him a gentleman and said, “And a great gentlemen called me from India and he said, we have just reduced the tariff on motorcycles, reduced it down to 50% from 75% and even 100%”.

Along with India, Trump also accused Canadian PM Justin Trudeau for imposing high tariffs and thus said that he made false statements.

He said, “Based on Justin’s false statements at his news conference, and the fact that Canada is charging massive tariffs to our US farmers, workers and companies, I have instructed our US Reps not to endorse the communique as we look at tariffs on automobiles flooding the US markets”.

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  1. […] action for the higher tariff emerges as the result of US move to impose 25% tariff on the steel products and 10% tariff on the aluminium imports thus causing tension among its trading partners and members of the […]

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