US President Donald Trump has again given a big update about tariffs. The US President says that he is going to send letters to 10 to 12 countries from tonight. This letter of Trump is a warning to these countries about tariffs. It is being speculated that this letter will be issued to countries with which America has not yet been traded. However, it has not been cleared by Trump as to which countries they are going to send this letter.
On April 2, Donald Tramas announced a tariff on more than 200 countries, including India. However, a few days later it was stopped for 90 days, the deadline is ending on July 9. This letter will be sent in this regard. Trump said that I want to send a letter and tell that you can make a business agreement, otherwise you will be given a tariff. Trump said that this letter will also mention how much tariff will have to be given to whom.
At the same time, there was news a day earlier that India and America can be compromised on tariff within 48 hours. However, it is also reported that now both countries do not agree on their terms on some sectors. India’s stand is clear about tariffs, the country is not going to compromise with its terms at any cost.
What is the screw stuck in the deal between India and America?
America is demanding India to reduce tariffs on agriculture products, so that a large market in India can be open for it. But India does not want to compromise in its country interest. If Bhatar reduces the tariff on things importing from America, then it can prove to be a major setback for the agricultural sector of India. Apart from this, the US dairy products are also demanding tariff cuts.
India will not compromise with its terms!
India wants the American tariff to be 10 percent or less, which has been announced by the US 26 percent. Apart from this, India wants its SME industry to get a market in the US, so that the small and middle industry of the country can be promoted.
What is Trump’s claim
Trump has repeatedly saying about India that India is opening a market for America. He is going to reduce his tariff to a great extent. Although a statement on behalf of Finance Minister Nirmala Sitharaman said that we are going to deal with America, but on our terms. We will not compromise with our country at any cost.
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