Washington: U.S. President Donald Trump announced that Washington would impose reciprocal tariffs on India in response to the country’s high tariffs. This statement was made during a press conference at the White House following discussions with Indian Prime Minister Narendra Modi.

According to Namibia Press Agency, Trump emphasized the principle of reciprocity, stating, “We are right now a reciprocal nation.” He further explained that the United States would match the tariffs imposed by India, describing this approach as a fair way of conducting international trade. Trump clarified that while he does not blame India for their trade barriers, it presents challenges for American businesses attempting to enter the Indian market.

During the press conference, Trump reflected on past negotiations with India, mentioning that despite discussions during his first term in office, he was unable to secure concessions on India’s high tariffs. He expressed that the U.S. would now adopt a straightforward method by imposing equivalent tariffs on Indian goods, which he believes is fair to both U.S. and Indian interests.

The meeting with Modi came after Trump signed a presidential memorandum on a “Fair and Reciprocal Plan,” aimed at addressing trade imbalances with U.S. trading partners. The White House Fact Sheet on this plan highlighted India’s average applied Most Favored Nation tariff at 39 percent as an example of unfair trade practices.

In an attempt to ease trade tensions prior to Modi’s visit, India made some concessions, including reducing tariffs on Harley-Davidson motorcycles. Additionally, Trump announced that Modi has agreed to increase the purchase of U.S. oil and gas, with the potential for the United States to become India’s leading supplier of these resources.