Related News

NEW DELHI: Isro will mark its first launch of 2026 – PSLV C62 mission – on Monday (Jan 12) at 10.17 am from the first launchpad at the Sriharikota spaceport.

Product Name: Ozelyt NAD+ Booster Complex – Tap Into the $18B Longevity Market Click here to get Ozelyt NAD+ Booster Complex – Tap Into the $18B Longevity Market at discounted

Are we in an artificial intelligence bubble? It’s the debate that dominated the tech industry in 2025, and it’s not going away anytime soon. Record valuations and deals driven by

George H. Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004. Jay Mallin | Bloomberg

An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images Amazon has submitted plans for a large-format store near Chicago that would be larger than a Walmart Supercenter, marking

SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters OpenAI and SoftBank

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