Trump's Trade Tirade: Bold Plans for Tariff Reciprocity

Former US President Donald Trump criticized India's high tariffs on foreign products, vowing to introduce a reciprocal tax if re-elected. Despite this stance, he praised India's Prime Minister Modi. Trump shared past experiences dealing with India's import duties, emphasizing a history of challenging tariff policies.

In a fiery economic policy speech, former US President Donald Trump vowed to impose a reciprocal tax on countries with high import tariffs if he returns to power. He singled out India, accusing it of imposing the highest tariffs on foreign products but acknowledged a strong rapport with Indian Prime Minister Narendra Modi.

While stressing the importance of 'reciprocity' in his trade plans, Trump recounted interactions from his previous presidency with American firms like Harley-Davidson affected by India's import duties. He shared anecdotes of India's significant 150 percent tariffs and the suggestion for US companies to establish operations there.

Despite his strong rhetoric on trade, Trump tempered his criticism with praise for Modi, referring to him as a formidable leader. He highlighted previous collaborative moments with Modi, such as the 'Howdy Modi' event in Houston, as evidence of their cordial relationship.

(With inputs from agencies.)