50Photo5Video© hindustantimes.com'India is going to drop tariffs substantially': Trump ahead of 'Liberation Day' deadline
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“I think a lot of [countries] will drop their tariffs because they’ve been unfairly tariffing the United States for years. If you look at the European Union on cars, the European Union already dropped their tariff to 2.5%. It was announced a couple of days ago. A very small tariff. The United States charged very little," Mr. Trump said while responding to questions in the Oval Office on Monday.
"I think I heard that India, just a little while ago, is going to be dropping its tariffs very substantially. I said, why didn't somebody do this a long time ago. A lot of countries are going to be dropping their tariffs,” Mr. Trump said.
It said the high tariffs imposed by other countries made it "virtually impossible” for U.S. products to be imported into those nations.
“ As the situation is very grave with the approach of the reality of a global tariff war, the government must pour out all of its capabilities at its disposal to overcome this trade crisis,
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“ This is Liberation Day, a long-awaited moment. 2nd April 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to…
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“ Reciprocal. That means they do it to us and we do it to them. Very simple. Can’t get any simpler than that,
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“ India, very, very tough. Very, very tough. The Prime Minister just left. He's a great friend of mine, but I said, ‘You're a friend of mine, but you’re not treating us right.’ They charge us 52 per…
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“ From 1789 to 1913 we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been,
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“ I don’t blame them, necessarily, but it’s a different way of doing business. It’s very hard to sell into India because they have trade barriers, very strong tariffs.
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“ It's our declaration of independence,
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