Despite planned trade deal, why India can’t rely on the Trump White House


Source: indianexpress.com indianexpress.com

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United States President Donald Trump on Tuesday announced reciprocal tariffs on trade partners regardless of the level of their economic development – a decision that could significantly impact developing countries such as India, which typically extend higher protection to domestic industry compared to the richer, developed world. “…On 2 April, reciprocal tariffs kick in,” Trump said during his Joint Address to Congress on Tuesday night. “Friendly as well as unfriendly” countries had unfairly used tariffs against the US for decades, Trump said. He said the European Union, China, Brazil, India, Mexico, and Canada imposed significantly higher tariffs on the US...