US President Donald Trump on Thursday signed a memorandum instructing his administration to devise a plan to raise US tariffs to align with the tax rates that other countries charge on imports, a move seen as increasing global economic tension and uncertainty.
With less than a month in office, the president has pursued trade actions that could shatter the global trading system and dwarf the trade measures he took over his entire first term.
Trump Widens Trade Fight to Include Global Taxes and Regulation
On a two-day visit to the US, PM Modi held a meeting with Donald Trump at the White House on Thursday, discussing, trade, defence, and immigration, soon after Trump imposed sweeping reciprocal tariffs.