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Trump rejected USTR data and told Lutnick India tariffs were at least 175 percent book claims
News18··24 Jun
News18 reported that Regime Change by Maggie Haberman and Jonathan Swan quotes Trump calling official figures bulls**t numbers while preparing April 2025 Liberation Day reciprocal duties that eventually hit Indian exports at 50 percent combined rates.
Prism
What It Means For You
- US tariff policy shapes export costs for Indian goods.
- Trade talks may lower duties if framework is implemented.
- Political rhetoric can diverge from official trade data.
What's Happening
- A new book details Trump-Lutnick tariff data clash.
- Trump believed India duties exceeded 175 percent.
- India-US announced an interim trade framework in February.
Tariff Timeline
- Liberation Day tariffs launched in April 2025.
- Combined US duties on India reached 50 percent.
- Greer met Goyal in New Delhi this week.
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