Washington DC – The US President Donald Trump has announced significant reciprocal tariffs on India and China, but said he is being kind on them by charging roughly “half of what they charge us”. Calling these as “discounted reciprocal tariffs”, President Trump said the US will charge an import duty of 26 per cent on India and 34 per cent on China.

Speaking about India, President Trump described tariffs by New Delhi as “very very tough”. He went on to say that “Their Prime Minister (Narendra Modi) just left (US recently)…he is a great friend of mine . . .