US President Donald Trump made a bold trade move on Wednesday, announcing a 26% tariff on imports from India as part of his ‘Liberation Day’ event in the White House Rose Garden. The sweeping measures also impose high tariffs on China, Japan, the EU, and Israel.
‘Liberation Day’ and Trump’s Vision
Addressing the nation, Trump declared April 2, 2025, as “Liberation Day”, marking a shift in US trade policies.
“My fellow Americans, this is Liberation Day. April 2nd, 2025, will forever be remembered as the day America’s destiny was reclaimed,” Trump said. He positioned the new tariffs as a move to boost American industry and reclaim economic power.
India Hit with 26% Tariff, Trump Calls Modi ‘A Great Friend’
Speaking about India, Trump acknowledged Prime Minister Narendra Modi as a “great friend” but argued that India was not treating the US fairly in trade deals.
“India is very, very tough. The Prime Minister just left and is a great friend of mine, but you are not treating us right. They charge us 52% and we charge them almost nothing,” Trump said.
With the new tariff, Indian exporters to the US will face a 26% duty, significantly impacting sectors like textiles, pharmaceuticals, and IT services.
Other Countries Also Face High Tariffs
Trump did not stop at India. He also imposed tariffs on several other major trade partners:
- China: 34% tariff
- European Union: 20% tariff
- Japan: 24% tariff
- Israel: 17% tariff
Despite Israel being a close ally, Trump justified the move by saying “fair trade applies to everyone.”
Trump Signs Executive Orders to Implement Tariffs
After delivering his speech, Trump signed two executive orders at a specially erected desk in the Rose Garden, cementing the new tariff policies.
He defended the move, calling the new tariff rates “kind” compared to what they could have been.
Global Impact and Economic Reactions
While Trump claims these tariffs will revive American industry, economic experts warn that they could trigger trade wars, disrupt global supply chains, and increase costs for American consumers.
With India and other affected nations likely to respond, the coming months may see heightened trade tensions and economic uncertainty.
