Us tariff on india: us President Donald Trump Recently announced that he has signed letters related to tariffs to 12 countries, which is completely clear. Countries who agree with these proposals can take it, otherwise they can leave. This letter has an outline of potential tariff levels, which is now 70 Can go up to percentage.
Trump Has revealed that these tariffs could be effective from August 1. He refused to name the countries involved, but experts believe that India may be included in those countries who will receive this letter. Due to this, there is a threat of high tariff for India.
Negotiations between America and India regarding trade deal
India and America have had several rounds of trade talks since March this year. The round of conversation started on 26 June was the fourth attempt of this year, but Early Harvest Deal or Mini There was no concrete consent on the trade agreement. America revised genetically in India (Gm) Crops and Dairy Open market for products, while India has imposed traditional restrictions on them.
America Custom for American vehicles in India-Free Entry Wants, but India in return Indian steel, Aluminum And Auto Parts But the American is demanding the removal of tariffs. Due to disagreement on these issues, India Wto Under this, a 30 -day notice has been issued to the US, stating that if the solution is not found, it can suspend concessions on American imports.
Trump Of policies of Effect And India’s strategy
Trump Administration policies America First The agenda has been focused on the agenda, which means they want to improve their business balance through tariffs. Steel already in March and April, Aluminum, Auto And Auto Parts But heavy tariffs have been installed. Liberation Day Of Name 2 on 2 april Total 26 to India under tariff scheme declared Per cent Tariff has to be faced. India’s strategy is now bilateral dialogues as well as multilateral forums Wto But also to be active. If America Our If the attitude softens and protects India’s interests, then an initial agreement is possible till July 9.
India will not sign on unilateral deal
India has clearly indicated that it is someone Too Will not sign unilateral and unbalanced deal. Both countries october The target has been set to reach a comprehensive trade agreement by 2025, including goods as well as services and investment. Prime Minister Narendra Modi and President Trump Of February of It was also decided in the meeting that by 2030 bilateral trade $ 500 Billion Will be transported to
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