India, March 11 -- During a recent meeting, US President Donald Trump praised Indian Prime Minister Narendra Modi, calling him "a great leader." However, in the same breath, Trump announced reciprocal tariffs on India, labelling the country as the "tariff king" and "a hard place to do business." He blamed India's high tariffs for the growing trade deficit between the two nations.
Trump's proposed reciprocal tariff policy means that the US will impose equivalent tariffs on countries that charge higher tariffs on American exports. He argues that the US trade deficit stems from high tariffs imposed by other countries on US goods. The US exports goods worth approximately $2 Trillion globally while importing around $3.3 Trillion, leading to a t...