Trump Announces 26% Tariff on India, World Leaders React to Trade Shift
President Trump announced a 26% reciprocal tariff on India, calling it a “Liberation Day” for American industry. The tariffs aim to address the perceived unfair trade practices that have led to significant U.S. trade deficits. Reactions from global leaders reflect widespread concern over the impacts on international trade.
On April 2, 2025, President Donald Trump introduced a 26 percent “discounted reciprocal tariff” on India, reducing the country’s existing 52 percent tariffs on American products. During his remarks from the Rose Garden in the White House, he described this announcement as a pivotal “Liberation Day” that would revitalize American industry and reclaim economic prosperity. Trump emphasized the need for reciprocal trade practices, asserting that nations imposing high tariffs on U.S. goods should face similar penalties.
The inauguration of reciprocal tariffs signifies a major shift in U.S. trade policy, particularly towards India, characterized by Trump’s rhetoric of reclaiming American economic power. The reactions from world leaders indicate a significant concern regarding the implications of these tariffs on global trade relations, while India remains optimistic about future negotiations. The announcement has sparked a discourse about the effective responses from affected nations, and how these developments will shape international economic landscapes.
Original Source: m.economictimes.com
