Washington, DC: Howard Lutnick, the US Commerce Secretary, sidestepped a question on India tariffs. Lutnick sidestepped the topic and left when ANI contacted him on the tariffs that US President Donald Trump had put in place.

On Wednesday (local time), Trump unveiled new import duties, detailing the rates that will be applied to nations worldwide. India will be subject to a 26% tariff.

According to Trump, who referred to Prime Minister Narendra Modi as a “great friend,” India taxes the US 52% while “we charge them almost nothing.”
During his speech at the Make America Wealthy Again Event, Trump made the announcement.

“India is very, very tough,” Trump remarked during the gathering. I’m really good friends with the Prime Minister, who just departed, but you’re not treating us well. We charge them almost nothing, and they charge us 52%.”

Trump said, “On motorbikes, the US only imposes a 2.4 tax on foreign nations. In the meanwhile, Thailand and other countries charge much higher prices—60%, 70%, 75%, and even more than that in India and Vietnam, respectively.”

The US president also said that all cars manufactured abroad will be subject to a 25% levy.

“These terrible disparities have destroyed our industrial foundation and jeopardized the security of our country. This disaster is not at all the fault of these other nations. I hold previous leaders and presidents accountable for their failure to do their duties. “We will impose a 25% tariff on all automobiles made in other countries, effective at midnight,” Trump said.

Experts predict that the exporters of electronics, textiles, engineering items, and gems and jewelry would be the most negatively impacted by Donald Trump’s tariffs.

“These tariffs are based on exaggerated calculations, which include actual customs duties, alleged currency manipulation, and GST,” Ajay Bagga, a specialist in banking and foreign stocks, told ANI. The change in US trade policy, he said, was from “America First” to “America Alone.”