Trump Trade Policy: Trump gave a big blow to India, warned of imposing tax in lieu of tax

Trump Trade Policy : America's newly elected President Donald Trump has accused India of imposing “high duties” and threatened to impose similar taxes in return. He said in a press conference on Monday that if they tax us, we will tax them equally. They take 100 or 200 percent tax from us, and we don't take anything from them. This will not work anymore.

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Trump made this statement in response to a question on a possible trade agreement with China. Referring to India and Brazil, he said that these countries impose high import duties on American products. Giving an example, he said that if India sends us a bicycle and we send them a bicycle, they take 100 percent tax from us. Now we will also do the same.

Howard Lutnick, Trump's choice for Commerce Secretary, also said that “reciprocity” will be among the priorities of the Trump administration. He said that as you treat us, we will treat you the same way.

What is the allegation against India?
Trump says that India imposes high import duties on many American products, which creates an imbalance for American companies. He said that this policy needs to be changed and America will now protect its interests.

Impact on India-US trade relations
This statement of Trump indicates that tension in trade relations between India and America may increase during his administration. India is already cautious about US import tariffs and trade policies.

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Donald Trump's “Reciprocal Tariff Policy” can become a challenge for India. If both the countries show strictness in their tariff rules, it will affect both the economies. Now it remains to be seen how India reacts to this.