Trump Slaps Heavy Tariffs on India: ‘Friend’ Modi Treated US Unfairly – Claims Trade War Justified

2 days ago

In a shocking trade move, Donald Trump has imposed heavy tariffs on India, claiming that despite his friendship with PM Modi, India has treated the US unfairly with high import duties. The US President argues that this is a justified retaliation against India's "52% tariffs," hitting back with a 26% levy. Meanwhile, key rivals like Russia and North Korea remain exempt. Is this the start of a new US-India trade war?

#TrumpTariffs #TradeWar #BreakingNews #USPolitics #India #Russia #NorthKorea #GlobalEconomy #TariffShock #Geopolitics #AmericaFirst

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Transcript

00:00India, very, very tough, very, very tough.

00:02They charge us 52 percent.

00:04You have to understand, we charge them almost

00:05nothing for years and years and decades.

00:07Thailand and others are charging much higher

00:11prices, like 60 percent.

00:13India charges 70 percent.

00:15Vietnam charges 75 percent, and others are

00:18even higher than that.

00:20Likewise, until today, the United States has, for

00:23decades, charged a 2.5 tariff.

00:27Think of that.

00:272.5 percent on foreign-made automobiles.

00:32The European Union charges us more than 10 percent

00:36tariffs, and they have 20 percent VATs.

00:39Much, much higher.

00:40India charges 70 percent.

00:42And perhaps worst of all are the non-monetary

00:45restrictions imposed by South Korea, Japan, and

00:48very many other nations.

00:50As a result of these colossal trade barriers,

00:5481 percent of the cars in South Korea are made in

00:57South Korea.

00:58Ninety-four percent of the cars in Japan are made in

01:02Japan.

01:03Toyota sells 1 million foreign-made automobiles

01:06into the United States, and General Motors sells

01:09almost none.

01:11Ford sells very little.

01:12None of our companies are allowed to go into other

01:16countries.

01:17And I say that, friend and foe.

01:19And in many cases, the friend is worse than the

01:21foe, in terms of trade.

01:23India, very, very tough.

01:25Very, very tough.

01:27The Prime Minister just left, and he's a great

01:30friend of mine.

01:30But I said, you're a friend of mine, but you're

01:33not treating us right.

01:34They charge us 52 percent.

01:36You have to understand, we charge them almost

01:38nothing, for years and years and decades.

01:39And it was only seven years ago, when I came in,

01:45we started with China charging.

01:47We took in hundreds of billions of dollars from

01:50China in tariffs.

01:52And they understood, honestly.

01:54President Xi understood.

01:56He said, look, I understand.

01:57And the other countries, and they all understand.

02:00We're going to have to go through a little tough

02:01love, maybe, but they all understand.

02:03They're ripping us off, and they understood it.

02:05Moment.

02:06I think you're going to remember today, it's going

02:08to be a free nation that we're dealing with.

02:10We're going to have a very free and beautiful nation.

02:13It's going to be Liberation Day in

02:15America, and it's going to be a day that, hopefully,

02:18you're going to look back in years to come, and

02:20you're going to say, you know, he was right.

02:22This has turned out to be one of the most important

02:25days in the history of our country.

02:27God bless you and God bless America.

02:29Thank you everybody.

02:30Thank you very much.

02:32Thank you very much.

03:04He's going to give you a little bit of a briefing on what we're signing.

03:11Good afternoon, y'all.

03:13We have two documents prepared for the President's signature today.

03:17One closes what's referred to as the de minimis loophole with respect to imports from the People's Republic of China.

03:26The other is the big one, is the reciprocal tariff executive order that the President just spoke about at length.

03:33This is obviously a huge deal, and it's been an honor to be a part of your team getting this ready for you, sir.

03:38Thank you very much.

03:39Yes, sir.

03:40This is big stuff.

04:05That's a 10.

04:06That's a good one.

04:07Look.

04:08That's a good one.

04:12That's a good one.

04:17Thank you, sir.

04:34Okay, thank you very much.

04:35Thank you very much.

04:36I'm going to hand out these pens now, if I can.

04:39Come on over.

04:40Yeah.

04:41Thank you very much.

04:42Thank you, sir.

04:44Thank you, sir.

04:52I'm going to get the water.

04:54There's the pool.

04:55Okay.

04:57I'm going to get the water.

05:03Thank you, everybody.

05:05Get it done, Mike.

Trump Slaps Heavy Tariffs on India: ‘Friend’ Modi Treated US Unfairly – Claims Trade War Justified

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