Trump's reciprocal tariffs with a twist..!!?

Sowmiya Sriram
Trump's reciprocal tariffs with a twist..!!?
US President donald trump has signed an order to lay the foundation for the introduction of reciprocal taxes, as expected, before meeting prime minister Modi on Thursday. This order will severely affect not only india but most countries in the world. But there is a twist in this. Reciprocal taxes are a method of imposing the same amount of tax on countries that have imposed excessive taxes on the United States. In this situation, he has instructed to conduct country-wise studies to see how much tax is imposed on which countries on American goods and what type of trade restrictions they have imposed.
The US government will first study countries with a large trade surplus with the country, that is, countries that import more than export, and impose reciprocal tariffs. Similarly, a white house official officially told reporters that these reciprocal tariffs will also be imposed on countries that have problems with the US. This study will also be conducted jointly by the US Trade Representative's office and other government agencies, and reciprocal tariffs will be imposed only after these studies are fully completed. These studies will take a few weeks to months to complete.
This confirms that the US government will not immediately implement reciprocal tariffs. Meanwhile, countries that want to continue their trade relations with the US and avoid a trade war are likely to reduce the tariffs imposed on American goods in the meantime. This situation is expected to be favorable for india as well. With the news that prime minister Modi has gone to the US with a plan to reduce taxes on more than 30 items during his meeting with trump, it seems that the trump government may be free from the threat of reciprocal tariffs.
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