Bigger India
Trump Wants More Power To Impose Reciprocal Tariffs, May Affect India
The Reciprocal Trade Act would give Donald Trump authority to levy tariffs equal to those of a foreign country on a particular product if that country's tariffs are determined to be significantly lower than those charged by the United States.
US President Donald Trump today vowed to rectify “calamitous” trade policies and sought to expand his power to impose reciprocal tariffs which could have implications on bilateral trade with countries like India.
Trump, during his annual State of the Union address, told Congress that Washington’s aggressive trade negotiations with China would mean an end to its alleged “theft” of US jobs and wealth.