Late on April 2, the US announced 26% tariff on India, but later it was improved to 27%. Now it has been improved once again. On Friday, a document from the White House revealed that the Trump government’s reciprocal tariff has been amended for at least 14 countries including India.
The new document shows that the tariff has been revised to 26 percent. American President Donald Trump said on April 2 that New Delhi is not treating Washington ‘correct’ and hence he has imposed 26 percent tariff on the fifth largest economy. This is part of our policy, aimed at promoting US domestic manufacturing and reducing its trade deficit with India, which was $ 35.31 billion in 2023-24.
Amendment in the rate of these countries also
The rate of South Korea has also shown fluctuations. In the announcement of Donald Trump, it was fixed at 25 percent, then it was increased to 26 percent in the document and now it has come again to 25 percent.
Similarly, other countries include Botswana, Cameroon, Malawi, Nicaragua, Norway, Pakistan, Philippines, Serbia, South Africa, Thailand, Vanuatu and Fuckland islands. Under the executive order implementing Trump’s mutual tariff policy, all American business partners started on 5 April with a global 10% tariff.
Significantly, Trump has announced a 26 percent tariff on India, but India imposes 52 percent tariff on its US.
What did Trump say about tax in his speech?
On April 2, Trump further said that till date, the United States has imposed 2.5 percent tariffs for decades. Think about that 2.5 percent on foreign -made automobiles. The European Union charges more than 10 percent tariffs from us, and they have 20 percent VAT, which is very high. India imposes 70 percent of tariffs and perhaps the worst situation is non-modern restrictions imposed by South Korea, Japan and many other countries as a result of these huge trade obstacles. “