US President-elect Trump says India charges a lot of tariff, threatens to impose reciprocal tax

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US President-elect Trump says India charges a lot of tariff, threatens to impose reciprocal tax



Trump said India and Brazil were among countries that impose high tariffs on certain US products.”The word reciprocal is important. if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle and we send them a bicycle. They charge us 100 and 200. India charges a lot. Brazil charges a lot. If they want to charge us, that’s fine, but we’re going to charge them the same thing,” Trump said at a news conference at Mar-a-Lago.Responding to a question, his Commerce Secretary pick Howard Lutnick said reciprocity is something that is going to be a key topic for the Trump administration.”How you treat us is how you should expect to be treated,” he said.



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