US President-elect Donald Trump has reiterated his plan to implement reciprocal tariffs on countries that impose high duties on American goods, specifically mentioning India and Brazil. At a press conference in Mar-a-Lago, Trump highlighted the disparity in trade policies, pointing out that while countries like India charge steep tariffs on U.S. products, the U.S. often imposes little to no tariffs in return. He emphasized that if a country taxes U.S. goods heavily, the U.S. would respond with equivalent tariffs. His Commerce Secretary pick, Howard Lutnick, supported this approach, stating that reciprocity would be a central theme in the Trump administration’s trade strategy.
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