What kind of threat did Donald Trump give to India that could potentially impact local traders in the country?
To provide some context, after taking the oath of office, U.S. President Donald Trump observed that India imposes high tariffs and taxes on American products, making it difficult for U.S. traders to sell their goods in the Indian market. Frustrated by this, Trump reportedly took a strong stance, symbolically echoing the sentiment: "I'll avenge it for my father, grandfather, and everyone else—your Trump will get even!"
He warned that if India doesn’t lower its taxes, the U.S. will impose higher taxes on Indian products, which could cause significant challenges for India’s IT, pharma, and textile exports. On the other hand, if India agrees to Trump’s demands, the ripple effect could impact small and local traders in India in the coming times.
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