Minister of State for Finance Pankaj Chaudhary said on Thursday that America’s tariff and its impact on the country is being assessed. He said at an event organized by PFRDA here that (US President Donald) is like keeping America first for Trump. But (Prime Minister Narendra) Modi keeps India first. He further said that, ‘We are assessing the impact of counter -charge imposed by the US.’
When asked about the impact of this tariff on India, he said that its assessment is still going on.
Declaration of 27% recipe on India on India & nbsp;
America has announced to impose a counter -duty of 27 percent on India. The administration of President Donald Trump believes that India charges high import duty on American goods, so it was now necessary to take this step to reduce the country’s trade deficit and promote manufacturing.
Effect on India’s exports
This step is expected to affect India’s exports to America. However, experts say that India is in a better position than its rivals, who will have to face more fees.
President Trump has announced a historic step to counter a historic step to combat high duty on US products globally. A senior government official gave this information on Thursday.
The official said, the same 10% duty on all imports in the US will be applicable from April 5 and the remaining 16 percent from April 10. The official said, “The Ministry is analyzing the impact of these charges.”
he said that there is a provision that if a country resolves the concerns of America, the Donald Trump administration can consider reducing the fees against that country. India is already negotiating on bilateral trade agreement with the US. The two countries are the target of finalizing the first phase of the agreement by this year’s autumn (September-October).
not a Jula result but mixed result
The officer said, & lsquo; & lsquo; It is not a jerk, but a mixed result is not a jerk, but a mixed results; US President Donald Trump has also mentioned the high duty levied by India, announcing the imposition of duty on imports from various countries. Announcing the installation, he said, ‘This is Liberation Day, a long -awaited moment. April 2, 2025 will be remembered as the day forever, the day the American industry was reborn, the day the fate of America emerged, and the day we started making America prosperous again. We are going to make it rich, good and prosperous. & Rdquo;