US to receive $600 bn in tariffs: Trump
Washington, Jan 5
US President Donald Trump on Monday said the US has taken in, and will soon receive, more than $600 billion through tariffs, arguing that the policy has strengthened the country financially and bolstered national security.
The President also accused the country's media of downplaying the issue ahead of a key Supreme Court decision.
In a post on his Truth Social platform, Trump said: "We have taken in, and will soon be receiving, more than 600 Billion Dollars in Tariffs, but the Fake News Media refuses to talk about it because they hate and disrespect our Country, and want to interfere with the upcoming Tariff decision, one of the most important ever, of the United States Supreme Court."
The President, in his social media post, asserted that framed trade measures are directly linked to the nation's global standing.
"Because of Tariffs, our Country is financially, AND FROM A NATIONAL SECURITY STANDPOINT, FAR STRONGER AND MORE RESPECTED THAN EVER BEFORE," Trump wrote.
Soon after coming to power in January 2025, Trump and his team used tariffs as a national security and foreign policy tool, imposing massive tariffs on countries around the world on imports of their products.
He has imposed a 50 per cent tariff on the import of products from India.
India pushing ahead to diversify exports amid US tariff turmoil: Report
According to an article in the South China Morning Post. New Delhi plans to diversify the country's exports away from the US, and this approach is expected to gather pace ingoing ahead.
The article highlights that ever since US President Donald Trump imposed penal import tariffs of 50 per cent on India last year, New Delhi has maintained a resolute approach to the punitive levies, even as it has kept the door open to negotiations.
The US is India's largest export market, receiving about 18 per cent of its total goods exports, including items such as garments and leather products, with a vast diaspora readily snapping up products shipped from their homeland.
While it remains unclear whether the two countries can negotiate a trade deal given India's firm position on opening sensitive sectors such as agriculture and dairy to US products, experts are sceptical that Washington will significantly roll back its tariffs, the article states.
— IANS
Reader Comments
Trump's "America First" policy was always going to hit partners like us. It's a wake-up call. We cannot be so dependent on one market. The focus should be on boosting domestic consumption and manufacturing for the world, not just the US. Atmanirbhar Bharat needs to move faster now! 🇮🇳
Respectfully, I think our negotiators need to be more pragmatic. Protecting agriculture is important, but we also have millions of jobs in export industries at stake. A balanced deal that safeguards farmers while securing market access for our goods should be the goal. Stubbornness on both sides helps no one.
Watching from the UK. This tariff war is destabilizing global trade. While India's stance to diversify is smart, it fragments the world economy further. Hope cooler heads prevail and a mutually beneficial solution is found. The US-India relationship is too important to be derailed by tariffs.
The diaspora in the US loves buying Indian products. This tariff directly hurts that cultural and economic link. It's disappointing. Maybe this will finally push our industries to improve quality and branding to justify a premium, rather than competing only on cost.
As an American, I have to say, those tariffs are paid by US companies and consumers in the end. It might show up as government revenue, but it makes everything more expensive here. Hurting a strategic partner like India over trade makes no sense to me.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.