ANI
29 Mar 2025, 03:00 GMT+10
Washington, DC [US], March 29 (ANI): Higlighting a positive outlook for the India-US tariff talks, President Donald Trump said 'tariffs are going to work out well between New Delhi and the Washington, DC,' expecting a favorable outcome.
While answering questions during an Interaction with reporters at the swearing-in ceremony of the US attorney for New Jersey, Alina Habba, on Friday (local time), Trump praised Prime Minister Narendra Modi, referring to him as a 'very smart man' and a 'great friend.'
Trump said, 'Prime Minister Modi was here just recently, and we've always been very good friends.'
He added, 'India is one of the highest tariffing nations in the world... They're very smart. He (PM Modi) is a very smart man and a great friend of mine. We had very good talks. I think it's going to work out very well between India and our country. And I want to say you have a great prime minister.'
This week, Trump made a major policy announcement from the Oval Office by declaring a 25 per cent tariff on all imported vehicles entering the United States, a move he described as 'very exciting' for domestic manufacturing.
The tariffs, set to take effect on April 2, will impact nearly half of all vehicles sold in the United States, including American brands assembled overseas. The wide-ranging measure aims to incentivise car manufacturers to establish more production facilities within US borders.
Earlier, on several occasions, Trump had targeted India, saying 'they have the highest tariffs' and 'it is a hard place to do business.'
In February, US President Donald Trump announced that he would soon impose reciprocal tariffs on countries like India and China, asserting that the United States would charge the same tariffs these nations impose on American goods.
Trump said, 'We will soon impose reciprocal tariffs- they charge us, we charge them. Whatever a company or a country, such as India or China, charges, we want to be fair; hence, reciprocal.'
He added, 'We have never done that. We were getting ready to do it until Covid hit.'
Trump also specifically targeted India's tariffs on automobile imports, saying, 'India charges us auto tariffs higher than 100 per cent.'
While addressing a joint session of the US Congress, Trump said that the reciprocal tax will kick in on April 2. He had said that the US has been ripped off for decades by nearly every country on earth and vowed not to 'let that happen any longer.'
He also discussed the tariffs imposed by the European Union, China, Brazil, and Mexico and announced that the US would impose tariffs on other nations based on their actions toward the US. (ANI)
Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationBy Binod Prasad Adhikari Kathmandu [Nepal], March 28 (ANI): Two people, one protestor and a media person lost their lives in Friday's...
(250328) -- LHASA, March 28, 2025 (Xinhua) -- A businessman from Nepal showcases products to customers at an import commodity fair...
Kathmandu [Nepal], March 28 (ANI): Violence broke out in Kathmandu on Friday after protesters calling for the restoration of monarchy...
Hyderabad (Telangana) [India], March 28 (ANI): In a significant breakthrough, the Hyderabad Cybercrime Police have arrested three individuals...
New Delhi [India], March 27 (ANI): Prime Minister Narendra Modi on Thursday spoke to King Philippe of Belgium, where he discussed the...
Revelations of high-ranking Israeli officials shady connections to Qatar open a new front in the PM and his allies fight to retain...
NEW YORK CITY, New York: Segway is recalling about 220,000 scooters in the U.S. because of a safety issue that can cause riders to...
NEW YORK, New York - Shares in automakers fell sharply Thursday after U.S.President Donald Trump imposed a 25 percent tariff on all...
WASHINGTON, D.C.: Federal safety regulators have launched a new investigation into Ford's best-selling F-150 pickup trucks after receiving...
WASHINGTON, D.C.:/SEOUL: Hyundai Motor Group is set to dramatically expand its U.S. footprint, with a US$20 billion investment that...
Washington, DC [US], March 29 (ANI): Higlighting a positive outlook for the India-US tariff talks, President Donald Trump said 'tariffs...
Washington, DC [US], March 29 (ANI): US President Donald Trump on Friday (local time) expressed optimism about the ongoing India-US...