Ahead of PM Modi Meeting, Trump Hints at ‘Reciprocal Tariffs’ in Cryptic Truth Social Post

Trump Hints at ‘Reciprocal Tariffs’ in Cryptic Truth Social Post: Ahead of his meeting with Prime Minister Narendra Modi, US President Donald Trump wrote on his Truth Social platform that he plans to introduce reciprocal tariffs today. He, however, did not reveal the details of his latest tariff plan or who it is directed against.

"Three great weeks, perhaps the best-ever, but today is the big one: Reciprocal tariffs. Make America Great Again!!!!." he wrote.

Also Read: Did Virat Kohli Decline RCB Captaincy and Suggest Rajat Patidar? Andy Flower Reveals

As a second-term president, he has been imposing new tariffs on different nations, including China, since January 20. This action threatens a worldwide trade war while also upset financial markets in many countries, including India such that most from where imports have been levied by tariffs have raised eyebrows.

Besides raising fears of a trade war, Donald Trump's import tariffs have also dashed hopes of mild inflation increases in the United States.

All steel and aluminum imports will thus be branded with tariffs beginning March 12, imports from China carry 10% tariffs, and goods from neighboring countries Canada and Mexico will be placed under a 30-day holding period before imposition of tariffs.

PM Modi will travel to the United States with the purpose of going to the Oval Office meeting with General Donald Trump.

The time is 4 p.m. local time, or 1900 GMT.

He would also host a joint press conference with Trump.

Also Read: ‘They’ll Turn Delhi Into UP’: Atishi Alleges Power Cuts After BJP’s Election Win

Modi to meet Elon Musk

Modi will also hold a one-on-one meeting with technology billionaire Elon Musk, who leads the efficiency department of Trump that aims to cut federal spending on running the government through streamlining bureaucracy.

PM Modi enjoys a good rapport with Trump whom he calls a "friend".

In fact, a few weeks before this trip, PM Modi's government slashed tariffs on high-end motorcycles, giving tariff concession ranging from 4% to 100% off.

India also received a US military flight of 100 illegal migrants last week under the immigrant reform of Trump.

Also Read: Nirmala Sitharaman Introduces New Income Tax Bill in Parliament; Opposition Walks Out