Trump Says ‘Let’s Trade Fair!’ to India ๐บ๐ธ๐ค๐ฎ๐ณ
Hey there! Have you ever traded toys with a friend and felt it wasn’t fair? Maybe you gave them two action figures, but they only gave you one in return. Not cool, right? ๐ค
Well, something like that is happening between the United States and India! On Thursday, U.S. President Donald Trump said that India’s tariffs are too high. Tariffs are like taxes that countries put on things they buy from other countries. So when the U.S. sells things to India, India makes them pay a big fee.
President Trump wants things to be fair. He said, “Whatever another country charges, we’re charging them.” That means if India charges a big fee on U.S. products, the U.S. will do the same to India’s products. It’s like saying, “If you charge me two action figures, I’ll charge you two as well!” ๐
He also mentioned it’s hard to sell things to India because of these high fees. So, he plans to make it fair by charging reciprocal (matching) fees.
But that’s not all! The U.S. and India are also talking about buying and selling other things. President Trump said that the U.S. will sell more military equipment to India. This includes cool stuff like F-35 stealth fighters, which are advanced airplanes that can fly really fast and are hard to see on radar. โ๏ธ
India has already agreed to buy over $20 billion worth of U.S. defense products since 2008. That’s a lot!
They’re also discussing India buying more U.S. oil and gas. President Trump said maybe the U.S. could become India’s number one supplier! ๐ข๏ธ
Indian Prime Minister Narendra Modi said they want to double their trade to reach $500 billion by 2030. That’s like both countries agreeing to share more toys and games! ๐
It’s important for countries to trade fairly so everyone benefits. Just like sharing fairly with friends makes everyone happy! ๐
Reference(s):
Trump slams India's high tariffs, vows to charge reciprocal levies
cgtn.com