Related News

Quantum computing background concept. Blackdovfx | E+ | Getty Images The rally in quantum computing names continued on Monday after JPMorgan Chase announced it as one of the areas it

A SK Hynix Inc. 12-layer HBM3E memory chip displayed at the Semiconductor Exhibition in Seoul, South Korea. Bloomberg | Bloomberg | Getty Images Chip stocks bounced on Monday, clawing back

Jaque Silva | Nurphoto | Getty Images Charlie Kawwas, president of the semiconductor solutions group at Broadcom, on Monday suggested that OpenAI is not the mystery $10 billion customer that

Isro opens XPoSat observatory to Indian scientists BENGALURU: Isro on Monday announced the first Announcement of Opportunity (AO) cycle for its X-ray Polarimeter Satellite (XPoSat), inviting Indian scientists and researchers

A Xiaomi electric car SU7 in a store in Yichang, Hubei Province, China on July 19, 2025. Cfoto | Future Publishing | Getty Images Chinese tech giant Xiaomi saw its

For the first time in history, scientists have captured an image of two black holes orbiting each other, confirming a long-held astronomical theory. Researchers from the University of Turku in

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Trump Recalls Reciprocal Tariff Talks With PM Modi

Word Count: 335 | Estimated Reading Time: 2 minutes




New Delhi:

In a joint televised interview with billionaire Elon Musk, US President Donald Trump made it clear that India will not be spared from Washington’s reciprocal tariffs. In a conversation with Fox News’ Sean Hannity, President Trump reiterated his stance on global trade and existing tariff structures between the US and its partners.

“I told Prime Minister (Narendra) Modi yesterday – he was here – I said, ‘Here’s what we’re going to do: reciprocal. Whatever you charge, I’m charging,'” President Trump said, recounting his conversation with the PM. “He (PM Modi) goes, ‘No, no, I don’t like that.’ ‘No, no, whatever you charge, I’m going to charge.’ I’m doing that with every country.”

India has some of the world’s highest tariffs on certain imports from the US, particularly in the automobile sector, where duties on foreign cars can reach up to 100 per cent. Mr Musk, sitting beside President Trump, confirmed this, saying, ” It’s 100 per cent – auto imports are 100 per cent.”

President Trump responded: “Yeah, that’s peanuts. So much higher. And others too.”

He argued that such tariffs make it nearly impossible for American companies to sell in India unless they establish manufacturing plants there, which he considers “unfair” to the US economy.

Under his proposed reciprocal tariff system, the US would impose the same level of tariffs on Indian imports as India levies on American goods. “Nobody can argue with me,” President Trump insisted. “If I said 25 per cent, they’d say, ‘Oh, that’s terrible.’ I don’t say that anymore… because I say, ‘Whatever they charge, we’ll charge.’ And you know what? They stop.”

This is not the first time President Trump has clashed with India over tariffs. During his first term, he often referred to India as the “tariff king”, citing high import duties on US goods. Following Prime Minister Modi’s recent visit to Washington, both countries committed to doubling bilateral trade to $500 billion by 2030 and negotiating a bilateral trade agreement (BTA) by Autumn 2025.




Source link

Most Popular Articles