19 hours ago
Last Updated:April 03, 2025, 18:55 IST
US President Donald Trump imposed sweeping reciprocal tariffs on several countries, including 27% on India, 34% on China and 49% on Cambodia.
Donald Trump has introduced reciprocal tariffs on several countries. (Photo: AFP)
US President Donald Trump on Thursday said the “operation is over", referring to his sweeping reciprocal tariffs on several countries. His “Liberation Day" tariffs have been imposed on countries like India, China and the European Union.
In a strong move on trade policy, Trump announced a 27% reciprocal tariff on Indian goods. Trump’s new policy imposes a 10% baseline tariff on all imports, with even steeper penalties for countries who, according to Trump, have “unfair trade barriers"— 45% for Vietnam, 36% for Thailand, and 32% for Taiwan, among others. The measure, long proposed by Trump after taking office, is part of his “America First" policy.
“THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!!!" he said on his Truth Social platform.
The United States has also imposed a 34% import tax on Chinese goods, 20% on imports from the European Union, 25% on South Korean products, 24% on Japanese goods, and 32% on Taiwanese imports. “This is Liberation Day," Trump said, adding that it would “forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed."
Location :Washington D.C., United States of America (USA)
First Published:April 03, 2025, 18:53 IST
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