Donald Trump Announces 26% 'Discounted' Reciprocal Tariffs On India, 34% On China
timesnownews April 03, 2025 10:15 AM
President Donald Trump on Wednesday announced sweeping reciprocal tariffs, including on India and China, calling it "our declaration of economic independence.” The 78-year-old imposed 26% on exports from India, while for China, the bar was set 8% higher, at 32%. The widely anticipated announcement came from a presser in the White House as the POTUS emphasised boosting domestic production.
Speaking at the event named 'Make America Wealthy Again,' Trump said called India "very, very, tough," and reiterated that 52% tariffs are charged on US exports to India. He, however, called Prime Minister Narendra Modi his "good friend."
"India very, very tough," Trump said. "The Prime Minister just left and is a great friend of mine, but you are not treating us right. They charge us 52 per cent,t and we charge them almost nothing..."
Additionally, Trump also announced a list of all the countries and the % tariff to be imposed on products from these countries. Here's the full list:
  • China: 34%
  • European Union: 20%
  • South Korea: 25%
  • India: 26%
  • Vietnam: 46%
  • Taiwan: 32%
  • Japan: 24%
  • Thailand: 36%
  • Switzerland: 31%
  • Indonesia: 32%
  • Malaysia: 24%
  • Cambodia: 49%
  • United Kingdom: 10%
  • South Africa: 30%
  • Brazil: 10%
  • Bangladesh: 37%
  • Singapore: 10%
  • Israel: 17%
  • Philippines: 17%
  • Chile: 10%
  • Australia: 10%
  • Pakistan: 29%
  • Turkey: 10%
  • Sri Lanka: 44%
  • Colombia: 10%

Trump Calls Tariff Announcement 'Declaration Of Economic Independence'

“It’s our declaration of economic independence,” Trump said in announcing the tariffs. “For years, hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now it’s our turn to prosper.”
Trump described his tariff policy as “kind reciprocal,” arguing he could have been much tougher on US trading partners. He insists the imposed rates, though high, are still lower than those some nations charge American exporters, calling them the “discounted reciprocal tariff.”
 
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