March 5, 2025
3 mins read

Trump: ‘You Tax Us, We Tax You’

Trump Targets Trade Imbalance with Reciprocal Tariffs

US President Donald Trump, in his first address to a joint session of Congress, said the reciprocal tariffs would take effect on April 2, reinforcing his administration’s stance on trade policy and criticising European Union, China, Brazil, India, and South Korea for high tariffs.

He said, “Whatever they tax us, we tax them.”Trump said.

“Other countries have used tariffs against us for decades, and now it is our turn to start using them against those other countries. On average, the European Union, China, Brazil, India, Mexico, Canada, and countless other nations charge us tremendously higher tariffs than we charge them; it is very unfair,” said Trump.

“India charges us tariffs 100 per cent, China’s average tariff on our products is twice what we charge them.. South Korea’s average tariff is four times higher… the system is not fair to the US, and it never was…on April 2, reciprocal tariffs kick in, and whatever they tariff us… we will tariff them…whatever they tax us, we will tax them. If they do non-monetary tariff to keep us out of their market, then we will do non-monetary barriers to keep them out of our market…”

“Those goods that come in from other countries and companies, they’re really, really in a bad position in so many different ways. They’re uninspected. They may be very dirty and disgusting as they come in, and they pour in and hurt our American farmers,” said Trump.

While hitting out at the previous Democrat regime, he said, “We inherited from the last administration an economic catastrophe and an inflation nightmare. Their policies drove up energy prices and drove the necessities of life out of reach for millions of Americans…we suffered the worst inflation in 48 years…As president, I am fighting every day to reverse this damage and make America affordable again”.

In a push for tax deductions, Trump said he wants to make interest payments on car loans tax-deductible, but only if the vehicles are made in the US. He also stressed his commitment to boosting domestic manufacturing, stating, “We want to cut taxes on domestic production.”

He clarified that there would be no tax on Social Security benefits for seniors.

Trump emphasised his administration’s commitment to lowering energy costs as part of his fight against inflation. He criticised the Biden administration for shutting down over 100 power plants and asserted, “We are opening up many of those power plants right now.”

As Trump outlined the budget cuts his administration claimed to have made, Democrats grew increasingly vocal, responding with groans and shouts of “Not true!,” “Bullshit!,” and “Those are lies!”

The 78-year-old President said he was “just getting started” on his radical plans to reshape the country. “The American Dream is surging — bigger and better than ever before. The American Dream is unstoppable, and our country is on the verge of a comeback the likes of which the world has never witnessed, and perhaps will never witness again,” he said

The president hailed the achievements of his first six weeks, vowing to press on with his polarizing bid to reshape the US government and end the Ukraine war — whatever the cost.

“We have accomplished more in 43 days than most administrations accomplish in four years or eight years — and we are just getting started,” Trump said to frequent chants from loyal lawmakers of “USA, USA!

Previous Story

Trio of Chief Ministers Unite at ITCX 2025 to Celebrate India’s Temple Heritage

Next Story

Jaishankar Meets UK PM Starmer in London

Latest from -Top News

US Backs India’s Hunt for Pahalgam Terrorists

Gabbard’s “hunt down” message comes amidst escalating Indian response to the terrorist attack, saying it had clear “cross-border” links to Pakistan….reports Asian Lite News Tulsi Gabbard, Director of National Intelligence (DNI), on

Border Sealed, Hopes on Hold

A Hindu family from Balochistan’s Sibi was reportedly denied entry into India after the closure of border crossing….reports Asian Lite News Pakistan and India’s decision to shut down the Wagah-Attari border crossing

India Praises UAE’s Global AI Benchmark 

Kaustubh Dhavse, Maharashtra CM’s OSD, hailed the UAE’s AI model as a global benchmark driving digital innovation and attracting global talent…reports Asia Lite News Kaustubh Dhavse, Joint Secretary and Officer on Special

India, Saudi Hold Inaugural Army Staff Talks 

A key highlight of the talks was the exploration of collaboration in operational logistics, battlefield management systems, and niche technologies.  The inaugural Army-to-Army Staff Talks (AAST) between the Indian Army and the

Arab World Condemns Kashmir Terror Attack 

The Arab world has strongly condemned the deadly terrorist attack in Pahalgam, with leaders from Kuwait, Saudi Arabia, the UAE, Qatar, Iraq, Jordan, and the broader League of Arab States offering condolences
Go toTop

Don't Miss

Teva Pharma found liable in Opioid crisis

The drug maker argued at trial that it complied with

World Bank Stays At 6.3% for India’s 2023-24 GDP

The World Bank in its April report had cut India’s