Retaliatory Tariff Action Prior to PM Modi’s Meeting Complete News
On February 13, 2025 Donald Trump as president issued a memorandum instructing officials from federal agencies to study reciprocal tariff implementation. The policy seeks to make U.S. import tariffs equivalent to those placed by foreign countries specifically targeting nations with elevated tariffs on U.S. goods. The proposed initiative targets the EU and India alongside Japan as member countries.
The memorandum demands that the U.S. Trade Representative along with the Commerce Department should create studies to report on attaining reciprocal trading status while studies must finish before April 1, 2025. The attention lies in overcoming elevated foreignowan tariffs and abroad tariff barriers including governmental aid programs and tightening administrative restrictions. This strategy could test the World Trade Organization’s norm of “most favored nation” status because of which global tariff rates may require renegotiation.
This declaration emerged at the same time as Indian Prime Minister Narendra Modi’s official visit to the United States. President Trump as well as Prime Minister Modi talked about defense cooperation together with trade matters during their meeting. As part of his efforts to deepen U.S.-India relations Modi introduced tariff benefits and energy sector and defense sector business prospects to the United States during his visit.
President Trump introduced the reciprocal tariff policy as a component of his trade fairness agenda while trying to solve trade imbalance problems. The administration displays its dedication to these adjusted trade agreements which serve U.S. interests by implementing the reciprocal tariff policy even though its specific effect on India remains unclear. The reciprocal tariff policy along with PM Modi’s diplomatic visit