Trump Reacts to India’s Retaliatory Tariffs After Pompeo Concludes his Visit

US President Trump has finally reacted to India's tariffs, terming these tariff hikes as "unacceptable" and demanding that India call off..

Arslan Butt•Thursday, June 27, 2019•1 min read

A few days ago, we wrote about how India had imposed retaliatory tariffs on US imports worth around $241 million. US President Trump has finally reacted to this announcement, terming these tariff hikes as “unacceptable” and has demanded that India call off these tariffs.

Last year, the US had announced tariff hikes on steel and aluminum imports, which affected India’s exports. In addition, the US government recently withdrew tariff-free entry for some Indian imports.

The US government has also criticized India’s protectionist attitude towards trade, especially its decisions to restrict cross-border data flows and its strict rules on e-commerce that affects Amazon and Walmart. India has also been at the receiving end of US government’s ire over Indian rules that insist on financial companies like Mastercard and Visa storing their user data only in India.

In a tweet, Trump stated, “I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high tariffs against the United States, just recently increased the tariffs even further.” US Secretary of State Mike Pompeo was recently on a visit to India and Trump’s tweet was posted shortly after his departure following a meeting with India’s PM Modi.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.