US President Donald Trump on Thursday rolled out his plan to increase US tariffs to match the tax rates that other countries charge on imports.
Announcing his plans to to impose reciprocal tariffs, Trump said that the US allies were often “worse than our enemies” on trade.
The tariffs come even as the US President will hold a meeting with Prime Minister Narendra Modi, who is on a two-day visit to the US.
Speaking on his intentions of imposing reciprocal tariffs, the US President said “India has more tariffs than nearly any other country.” The new tariffs come days after Trump already announced tariffs on all steel and aluminum imports beginning on March 12.
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