“India has for years now put very high tariffs on the US. It’s the king of tariffs. This is unacceptable.” This provocative statement by US President Donald Trump, not long after taking charge, set the stage for a renewed debate over trade policies and trade imbalances with countries, including India.The use of tariffs as a strategic tool in international trade has long been a contentious issue, and the US President’s remark initiated what is expected to be a complex negotiation, resulting in significant give-and-take, and perhaps perceptible reduction in India’s tariff on commodities of interest to the US government. And then, there were sharper overtones from the White House for countries such as India and China. “We'll soon impose reciprocal tariffs because that means, they charge us, we charge them. It's very simple,” the President said.
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