President Trump criticized the trade relationship between the US and India on Monday, saying it has been heavily one-sided for decades.
Trump noted that while India sells large amounts of goods to the US, American businesses sell very little to India because of the high tariffs New Delhi have put in place, which he called the highest of any country.
“In other words, they sell us massive amounts of goods, their biggest “client,” but we sell them very little – Until now a totally one sided relationship, and it has been for many decades,” Trump posted.
“The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India. It has been a totally one sided disaster! Also, India buys most of its oil and military products from Russia, very little from the US”
Trump continued by saying India has offered to eliminate tariffs entirely. The US president said this action was overdue and that such trade policies should have been addressed years ago.