'India charges us auto tariffs higher than 100%': Trump announces reciprocal tariffs from April 2

US President Donald Trump pointed out the high tariffs charged by India and other countries, including China and South Korea, and stated that the system is "not fair" to the United States.

He announced that reciprocal tariffs would kick in on April 2, with the same tariffs imposed on imports from foreign nations as those imposed on US exports.

In a Tuesday night address to the Joint Session of the Congress, Trump said, "Other countries have used tariffs against us for decades, and now it's our turn to start using them against those other countries. On average, the European Union, China, Brazil, India, Mexico and Canada - have you heard of them? And countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair."

"India charges us auto tariffs higher than 100%," he said, adding, "China's average tariff on our product is twice what we charge them. South Korea's average tariff is four times higher."

The POTUS said the system is not fair to the United States, and it never was. "On April 2, reciprocal tariffs kick in, and whatever they tariff us, other countries, we will tariff them...whatever they tax us, we will tax them," he said.

He said that if the countries impose non-monetary tariffs to keep the US out of their markets, then America will also impose non-monetary barriers "to keep them out of our market."

The details of the reciprocal tariff remain unclear. Trump said that the US has been ripped off for decades by nearly every country on Earth. "We will not let that happen any longer."

Starting Tuesday, imports from Mexico and Canada will be subject to a 25% tariff. The US has also imposed a 20% tariff on imports from China.

The President said that tariffs are about making America rich and great again. "And it's happening. And it will happen rather quickly."

Noting that tariffs will cause some "disturbance" to the US economy, Trump stated taxes as a tool to help domestic industries boom.

The President said that tariffs are about making America rich and great again. "And it's happening. And it will happen rather quickly."

"There will be a little disturbance, but we're okay with that," Trump said.