Trump: "High Tariffs on India Soon...EU Could Face Up to 35% Tariff If It Doesn’t Keep Promises"

U.S. President Donald Trump has announced plans to impose high tariffs on India, the European Union (EU), and the pharmaceutical industry. In particular, he warned that “substantial tariffs will be imposed on India within 24 hours.”

According to overseas economic news channel Walter Bloomberg on the 5th (local time), President Trump said in a CNBC interview, “India is the country with the highest tariffs in the world,” and added, “We will significantly raise tariffs on India, which is importing Russian crude oil.” He continued, “We plan to proceed with a substantial tariff hike within 24 hours.”

President Trump also suggested the possibility of further actions targeting the EU, stating, “If the European Union does not fulfill its trade obligations, we will impose a 35% tariff.”

Regarding the pharmaceutical industry, he said, “We will initially impose low tariffs, but within a year, we plan to gradually increase them from 150% to 250%.” However, he did not specify whether these measures target any particular country.

On this day, President Trump also hinted at a possible easing of tensions between the U.S. and China, saying, “A trade agreement with China is imminent, and a summit with President Xi Jinping may take place within the year.”