Donald Trump has announced new tariffs on imports from various countries, including India. He imposed a 26% tariff on Indian imports and a 25% tariff on foreign-made automobiles. Trump mentioned his friendship with Prime Minister Modi but stated, 'You're a friend of mine, but you're not treating us right.' The tariffs are part of Trump's reciprocal trade policy, aiming to balance what he perceives as unfair trade practices by other nations.
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00:00And the big news is here from the United States of America Donald Trump has imposed
00:06Reciprocal tariffs one after another on nations including India
00:10What has been his decision for India that the country was eagerly waiting and watching?
00:1626% tariff on Indian imports
00:2025% tariff on foreign-made
00:22Automobiles remember that Indian imports largely with regard to the bilateral trade decision will stand but there was also a separate tariff
00:30That he had said on automobiles automate parts
00:32And if there is going to be made in America or assembled in America
00:37The those companies will get relief, but if it's foreign made it would be 25% tariff
00:44In many ways, let me tell you that compared to other nations from what I can see
00:48It appears that India has definitely got a certain discount
00:53Donald Trump also went ahead
00:55Specifically mentioned India vis-a-vis Prime Minister Narendra Modi
01:00Here's how Donald Trump went and went ahead with the tariff
01:04What did he say about India then about China as well?
01:07And amid all of this, how will the friendship between PM Modi and Donald Trump help ahead?
01:22If you look at that
01:24China first row China
01:2767% that's tariffs
01:29charged to the USA including currency manipulation and trade barriers, so
01:3667% I think you can for the most part see it those with good eyes with bad eyes
01:41We didn't want to bring it's very windy out here
01:43We didn't want to bring out the big charts because it had no chance of standing
01:47Fortunately, we came armed with a little smaller chart
01:51So it's 67% so we're gonna be charging a discounted reciprocal tariff of 34%
01:57I think in other words, they charge us we charge them we charge them less. So how can anybody be upset?
02:03They will be because we never charge anybody anything, but now we're gonna charge
02:09European Union, they're very tough very very tough traders
02:13You know, you think of European Union very friendly they rip us off it's so sad to see it's so pathetic
02:2139% we're gonna charge them 20% so we charge you can potentially have
02:26Vietnam great negotiators great people. They like me. I like them. The problem is they charge us 90%
02:34We're gonna charge them 46% tariff
02:37Taiwan where they make they took all of our
02:41Computer chips and semiconductors. We used to be the king right? We were everything we had all of it
02:47Now we have almost none of it except the biggest company is coming in they're gonna have we're gonna end up with almost 40% Lee
02:53Zeldin's working to get their approvals and
02:55It's an amazing company. Mr. Wei of one of the great companies of the world
03:00Actually, they're coming in from Taiwan and they're gonna build one of the biggest plants in the world
03:05Maybe the biggest for that but 64% we're gonna charge him 32% Japan
03:11very very tough
03:13Great people and again, I don't blame the people for doing it. It's I think they're very smart into it
03:19I blame the people that sat right in that Oval Office right over there right behind the resolute desk or whichever desk they chose
03:27Japan 46% they would charge us 46% and much higher for certain items like cars, you know little items like cars
03:3646% we're charging them 24% India very very tough very very tough
03:42The Prime Minister just left he's a great friend of mine, but I said you're a friend of mine, but
03:48You're not be treating us, right?
03:50They charge us 52% you have to understand we charge them almost nothing for years and years and decades and it was only
03:58Seven years ago when I came in
04:00We started with China charge that we took in hundreds of billions of dollars from China in tariffs
04:07And they understood honestly
04:10President Xi understood he said look I understand and the other countries and they all understand
04:15We're gonna have to go through a little tough love maybe but they all understand they're ripping us off and they understood it
04:22Prime Minister of Japan
04:25Shinzo was Shinzo Abe. He was a fantastic man. He was
04:31Unfortunately taken from us assassination, but I went to him and I said Shinzo
04:37We have to do something at trade it's not fair
04:40He said I know that I know that and he was a great gentleman. He was a
04:46Fantastic man, but he understood immediately what I was talking about. I said Shinzo we have to do something
04:52He said I know that and we've worked out a deal and it would have been a much better deal
04:56But frankly, there were many years left in the deal that was made previous to my getting there, but it was it was something
05:04If you look at Switzerland 61% to 31% Indonesia, Malaysia
05:10Cambodia, oh look at Cambodia
05:1297%
05:13We're gonna bring it down to 49. They made a fortune with the United States of America United Kingdom 10%
05:20And we'll go 10%
05:22So we'll do the same thing
05:24South Africa Oh
05:2760% 30% and they've got some bad things going on in South Africa, you know, we're paying them
05:33Billions of dollars that we cut the funding because a lot of bad things are happening in South Africa
05:38The fake news ought to be looking at it. They don't want to report it
05:42Brazil 10% 10%
05:44Bangladesh is
05:4774% so you see what's going on?
05:49Pakistan 58%
05:52Sri Lanka
05:5588% so what we're doing is we're taking not the full we could take the full 88% Thanks a lot