'PM Modi great friend of mine': Trump announces 26% 'discounted' reciprocal tariff on India

US President Donald Trump on Wednesday announced 26 per cent 'discounted' reciprocal tariifs on India. Speaking at the “Make America Wealthy Again” event in the Rose Garden, Trump said that charges imposed are not completely reciprocal in nature but partial."This is Liberation Day, a long-awaited moment. 2nd April 2025 will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again. We are going to make it wealthy, good, and wealthy," Trump declared on Wednesday from the White House Rose Garden whilst announcing the anticipated reciprocal tariffs.During the announcement, he presented a chart displaying tariffs imposed by various countries, including India, China, the UK, and the European Union, alongside the new reciprocal tariffs these nations would face.The chart revealed India's 52 per cent tariffs "including currency manipulation and trade barriers," against which the US would now impose a "discounted reciprocal tariff" of 26 per cent.Also See:Donald Trump Tariff"India, very, very tough. Very, very tough. The Prime Minister just left. He's a great friend of mine, but I said, 'You're a friend of mine, but you're not treating us right. They charge us 52%. You have to understand, we charge them almost nothing for years and years and decades, and it was only seven years ago, when I came in, that we started with China.'"He highlighted the disparity in motorcycle tariffs, stating, "The United States charges other countries only a 2.4 per cent tariff on motorcycles. Meanwhile, Thailand and others are charging much higher rates, like 60 per cent. India charges 70 per cent, Vietnam charges 75 per cent, and others charge even higher rates."He continued, "Likewise, until today, the United States has, for decades, charged a 2.5 per cent tariff. Think of that 2.5 per cent on foreign-made automobiles. The European Union charges us more than 10 per cent tariffs, and they have a 20 per cent VAT much, much higher. India charges 70 per cent and perhaps worst of all are the non-monetary restrictions imposed by South Korea, Japan, and many other nations as a result of these colossal trade barriers."