In a major development that will not be a welcome move for India’s economy, United States President Donald Trump has threatened that if India and China will not match America’s tariff, then the US will levy a ‘reciprocal tax’ on both the countries. Further speaking on this issue, the US president said that if these countries (India and China) charge them 50% the United States would also charge them equally. “We’re going to be doing a reciprocal tax programme, at some point so that if China is going to charge us 25% or if India is going to charge us 75% and we charge them nothing.” President Trump further added, “they are 50, they are 75 or they are 25, we are going to be doing the same numbers. It’s called reciprocal. It’s a mirror of tags. So they charge us 50, we would charge them 50.”