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Whatever they tax us, we tax them: Trump to India, EU, China

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Washington, March 5: US President Donald Trump, in his first address to a joint session of Congress, said the reciprocal tariffs would take effect on April 2, reinforcing his administration’s stance on trade policy and criticising European Union, China, Brazil, India, and South Korea for high tariffs.

He said, “Whatever they tax us, we tax them.”Trump said.

“Other countries have used tariffs against us for decades, and now it is our turn to start using them against those other countries. On average, the European Union, China, Brazil, India, Mexico, Canada, and countless other nations charge us tremendously higher tariffs than we charge them; it is very unfair,” said Trump.

“India charges us tariffs 100 per cent, China’s average tariff on our products is twice what we charge them.. South Korea’s average tariff is four times higher… the system is not fair to the US, and it never was…on April 2, reciprocal tariffs kick in, and whatever they tariff us… we will tariff them…whatever they tax us, we will tax them. If they do non-monetary tariff to keep us out of their market, then we will do non-monetary barriers to keep them out of our market…”

“Those goods that come in from other countries and companies, they’re really, really in a bad position in so many different ways. They’re uninspected. They may be very dirty and disgusting as they come in, and they pour in and hurt our American farmers,” said Trump.

While hitting out at the previous Democrat regime, he said, “We inherited from the last administration an economic catastrophe and an inflation nightmare. Their policies drove up energy prices and drove the necessities of life out of reach for millions of Americans…we suffered the worst inflation in 48 years…As president, I am fighting every day to reverse this damage and make America affordable again”.

In a push for tax deductions, Trump said he wants to make interest payments on car loans tax-deductible, but only if the vehicles are made in the US. He also stressed his commitment to boosting domestic manufacturing, stating, “We want to cut taxes on domestic production.”

He clarified that there would be no tax on Social Security benefits for seniors.

Trump emphasised his administration’s commitment to lowering energy costs as part of his fight against inflation. He criticised the Biden administration for shutting down over 100 power plants and asserted, “We are opening up many of those power plants right now.”

As Trump outlined the budget cuts his administration claimed to have made, Democrats grew increasingly vocal, responding with groans and shouts of “Not true!,” “Bullshit!,” and “Those are lies!”

The 78-year-old President said he was “just getting started” on his radical plans to reshape the country. “The American Dream is surging — bigger and better than ever before. The American Dream is unstoppable, and our country is on the verge of a comeback the likes of which the world has never witnessed, and perhaps will never witness again,” he said

The president hailed the achievements of his first six weeks, vowing to press on with his polarizing bid to reshape the US government and end the Ukraine war — whatever the cost.

“We have accomplished more in 43 days than most administrations accomplish in four years or eight years — and we are just getting started,” Trump said to frequent chants from loyal lawmakers of “USA, USA!”

International News

PM Modi’s 75th Birthday: Leaders, Including Jaishankar, Amit Shah, Donald Trump, Extend Birthday Wishes

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New Delhi: External Affairs Minister S. Jaishankar on Wednesday extended birthday greetings to Prime Minister Narendra Modi, praising his leadership and commitment to building a self-reliant India.

“Join the nation in conveying best wishes to Prime Minister @narendramodi ji on his birthday. His transformative leadership and firm resolve to build an Atmanirbhar, Sammridh and #ViksitBharat serve as an inspiration. Wish him good health and many more years in the service of the nation,” Mr. Jaishankar posted on X.

Among those who wished the Prime Minister included US President Donald Trump who through a phone call expressed gratitude for India’s support on ending the conflict between Russia and Ukraine.

In a post on his social media account, Truth Social, Trump stated that PM Modi is doing a “tremendous job.” PM Modi also shared details of the call and thanked Trump for his wishes, calling him a “friend”. The Prime Minister also noted that he is “committed to taking the India-US Comprehensive and Global Partnership to new heights.”

“Thank you, my friend, President Trump, for your phone call and warm greetings on my 75th birthday. Like you, I am also fully committed to taking the India-US Comprehensive and Global Partnership to new heights. We support your initiatives towards a peaceful resolution of the Ukraine conflict,” PM wrote in an X post.

The greetings from the US President came on a day when the US Trade Representative, Brendan Lynch, was in the national capital to discuss next steps in bilateral trade negotiations. Lynch had a positive meeting with his counterpart, Ministry of Commerce and Industry Special Secretary Rajesh Agrawal, on Tuesday, with both sides deciding to intensify efforts to achieve an early conclusion of a mutually beneficial Trade Agreement.

Meanwhile, Union Home Minister Amit Shah also extended greetings to PM Modi on his 75th birthday, calling him a symbol of sacrifice and dedication.

In a post on X, Shah said the Prime Minister remains an inspiration for crores of Indians.

“Symbol of sacrifice and dedication, inspiration for crores of countrymen, heartfelt birthday wishes to Prime Minister Shri @narendramodi ji on his 75th birthday. Modi ji, who has been working tirelessly, without stopping or tiring, for the welfare of the countrymen for more than five decades in social life, is a living inspiration of ‘Nation First’ for every citizen,” Shah wrote.

President Droupadi Murmu also extended her greetings to PM Modi on the occasion, saying he has “instilled a culture of achieving great goals” in the country through his extraordinary leadership.

“Heartfelt birthday greetings and best wishes to the Prime Minister of India, Shri @narendramodi ji. By exemplifying the pinnacle of hard work through your extraordinary leadership, you have instilled a culture of achieving great goals in the country,” the President posted on X.

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Business

India, Japan can diversify trade basket, open new frontiers with renewed efforts: PM Modi

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Tokyo, Aug 29: Hailing the robust India-Japan economic and trade partnership, Prime Minister Narendra Modi on Friday said with renewed efforts, both nations can diversify their trade basket, make it more balanced, and open up new frontiers as well.

In an interview with Japanese newspaper The Yomiuri Shimbun, the Prime Minister said we must aim bigger and remain ambitious.

“The synergies across governments, businesses and people can create scale and speed in our economic partnership. As the world’s leading economies, we have been contributing to each other’s growth, competitiveness and dynamism,” PM Modi told the publication.

Japan has been a trusted partner in India’s infrastructure development across generations. The country has also been a leading source of foreign direct investment (FDI) for India in key sectors, including automobiles, electronics, telecom, chemicals, finance, and pharmaceuticals.

According to PM Modi, the number of Japanese firms in India has grown steadily to around 1,500, while more than 400 Indian companies operate in Japan.

“Clearly, this is only the beginning — the real potential is much higher,” he noted.

“We maintain important trade relations, but it has not yet reached the levels envisaged under our CEPA (Comprehensive Economic Partnership Agreement)… The 20th century saw Japan emerge as a major partner in India’s infrastructure development. I am confident that the 21st century will see Japan as a major partner in India’s innovation, manufacturing, and global value chains,” the Prime Minister emphasised.

On semiconductors, PM Modi told the publication that India’s semiconductor sector is on the cusp of transformation.

“We have put in place a comprehensive regulatory and policy framework, backed by incentives, to build a strong semiconductor and display ecosystem. Already, six semiconductor units are taking root in India, with four more on the way. By the end of this very year, ‘Made in India’ chips will be in the market, a clear demonstration of India’s design and manufacturing capabilities,” the Prime Minister said.

Japanese companies, with their technological strengths and global leadership, can play a pivotal role in this journey, he said, adding that a strong beginning has already been made.

“By combining India’s scale and capabilities with Japan’s advanced technologies, we can build a resilient and trusted semiconductor value chain,” PM Modi stressed, adding that this collaboration will support the technological ambitions of both our countries and enhance global supply chain security.

“I see semiconductor cooperation emerging as a major pillar of the India–Japan partnership. After all, in this digital century, chips are not just about computers, they are about competitiveness, credibility and confidence in the future,” he mentioned.

Some Japanese companies are positioning their production bases in India as hubs for third-country markets such as Africa.

According to PM Modi, India has seen multi-faceted reforms which make manufacturing in India easier than ever before.

“We have removed compliance burdens, rolled out incentives and ensured a large skilled workforce for companies to set base in India. Many global companies, including those from Japan, are setting up their production in India not only to cater to our domestic market, but also for the world,” he highlighted in his response.

Japanese automaker Suzuki Motor Corporation this week announced it will invest Rs 70,000 crore in India over the next five to six years. The investment will be used to increase production, introduce new car models, and protect its leadership position in the world’s third-largest automobile market.

“Just a couple of days back, I was at the Suzuki plant in India where we flagged off electric vehicles to be exported to a hundred countries, including Japan,” said PM Modi.

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International News

PM Modi’s China Visit: Bilateral Talks With Xi Jinping & Vladimir Putin Confirmed At SCO Summit Amid Trump’s Tarrif Row

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New Delhi: Prime Minister Narendra Modi will hold bilateral meetings with Chinese President Xi Jinping on August 31 and Russian President Vladimir Putin on September 1 in Tianjin, during the Shanghai Cooperation Organisation (SCO) summit.

The talks come at a sensitive moment, as India grapples with strained economic ties with the United States following tariff hikes by President Donald Trump.

India’s relationship with China, though still fragile, has shown signs of cautious improvement after years of confrontation. Tensions had escalated after the deadly Galwan Valley clashes in June 2020, but sustained diplomatic and military engagements have since led to withdrawals from some key friction points along the Line of Actual Control.

Despite heavy deployments, both sides have worked to lower the risk of fresh escalation. This will mark Modi’s first visit to China in more than seven years, his last being the informal Wuhan summit with Xi in 2018. The upcoming meeting is expected to test whether the managed thaw between the two Asian neighbours can move into a more stable phase.

The meeting with Putin is equally significant. With Moscow under Western sanctions over the Ukraine war, Russia is seeking to reinforce its traditional partnership with India while expanding its alignment with China. Officials have hinted at possible trilateral discussions involving India, Russia and China, which may surface in the Modi-Putin talks.

The wider SCO summit will draw leaders from across Central Asia, South Asia, the Middle East and Southeast Asia. For China, it represents a stage to assert leadership of the Global South and to extend diplomatic support to Russia. For India, the gathering provides an opportunity to reaffirm its place in multilateral forums and present itself as a balancing force in shifting global alignments.

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