'Will impose as much tariff as you impose on us', Donald Trump warns India

The next US President Donald Trump has threatened to impose reciprocal tax on India. Trump has talked about imposing equal tax on Indian products in response to the high tariff imposed by India on American products. This policy was also supported by his Commerce Secretary Howard Lutnick.

We will impose as much tariff as you impose on us- Donald Trump

This means that if India imposes as much tax on American products, Trump is now talking about imposing the same tax on Indian products. He has reiterated his intention to impose reciprocal tariff in response to the "high tariff" imposed by India on the import of some American products.

High tariff imposed by India on import American products

Donald Trump was talking to the media when he said, "Reciprocal. If they impose tax on us, we will also impose the same tax on them. They impose tax on us. We will impose tax on them." He said, "They tax us, in almost all cases, they are taxing us, and we are not taxing them. India is among the countries imposing high tariffs - Trump Next US President Trump made the comment while answering a question on a possible trade agreement with China.

While talking to media Donald Trump say…

Trump said that India and Brazil are among the countries that impose high tariffs on some American products., then should we not charge them anything? They send us bicycles and we also send them bicycles. They charge us 100-200." Trump further said, "India charges too much. Brazil charges too much. If they want to charge us then that is fine, but we are also going to charge them the same amount. It is as if Trump's Commerce Secretary has approved Trump's words. He says that as one does, so will be done to him.

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Trump's words are endorsed by America's next Commerce Minister

Donald Trump's Commerce Secretary, or in simple words, America's next Commerce Minister chosen by Trump, Howard Lutnick, said that "reciprocity" will be an important topic in the Trump administration. In simple words, if country-1 is imposing a tax on country-2, then country-2 can also impose tax on country-1 according to that.

How much tax to impose in return depends on country-2. For example, Lutnick says, "You should expect to receive the same treatment as you treat us."