US President Donald Trump announced import tariffs of 25% and 10% on steel and aluminium on all countries except Canada and Mexico. Photo: BloombergNew Delhi: US President Donald Trump on Friday threatened to impose higher tariffs on countries like India and China if they did not match his country’s tariffs on similar items. “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. It’s called a reciprocal tax, mirror tax. Teaotia said India has a Make In India programme and it needs to calibrate its policy accordingly, without further elaborating on the Harley-Davidson issue.

Source: Mint March 09, 2018 11:15 UTC