Donald Trump today announced discounted reciprocal tariffs on countries worldwide.
Washington:
US President Donald Trump has announced significant reciprocal tariffs on India and China, but said he is being kind on them by charging roughly “half of what they charge us”. Calling these as “discounted reciprocal tariffs”, President Trump said the US will charge an import duty of 26 per cent on India and 34 per cent on China.
The President also announced a 20 per cent levy on imports from the European Union and 10 per cent from the UK – two of the main trade partners and allies of the United States.
On Japan, he levied a 24 per cent tariff. The announcement was made to loud cheers at the White House Rose Garden.
