Trump says India may face up to 25 % of duties if the deal is not agreed upon

Photo of author

By [email protected]


President Donald Trump said that India may face a tariff of up to 25 % if it fails to finish the finishing touches on a trade agreement with the United States this week.

“Yes, I think so.”

The United States has set a deadline on August 1 for India and several other countries either to reach a trade agreement or a growing tariff.

Indian and American officials have been negotiating a commercial deal in the past few months, but officials alternate between optimistic optimistic and caution over the date of its announcement.

When asked about what he was expecting from a possible deal with India, Trump said: “We’ll see. India was a good friend, but India mainly followed a tariff more than almost any other country.”

“But I am now responsible, and you can’t do that,” he added.

The BBC has reached the Indian Ministry of Commerce to comment.

Customs duties are taxes imposed on goods imported from other countries. The American President has repeatedly reached the high definitions in India, describing it as “the king of tariff” and “the great aggressor” of commercial relations.

Trump did not send a letter to India as he sets a new tariff – as he has with more than ten other commercial partners.

Once again in April, Trump announced A tariff up to 27 % on Indian goodsAnd that was later stopped.

Since then, both sides have been racing to negotiate an agreement, as officials sometimes seem positive and at other times.

“We are still talking to our Indian counterparts. We have always had constructive discussions with them,” said American commercial actor Jameson Jarir earlier this week.

He also admitted that although he said earlier that the deal with India may be “imminent”, it is necessary to understand that Delhi’s commercial policy was “Protection for a very long time“It was based on the protection of their local market strongly.”

Jarir added that Trump has focused on securing deals that open other markets to the United States significantly.

Agriculture and dairy products are among the main points of countries.

For years, Washington prompted an increase in access to the farmer sector in IndiaSeeing it as a main non -exploited market. But India strongly protected it, noting food security, livelihoods and the interests of millions of young farmers.

Last week, Indian Minister of Trade Paych Joyal told CNBC that The agricultural sector is sensitive to India And he will make sure that the interests of the farmers are “well protected”.

Joyal also told news agencies that India is still “optimistic” About the conclusion of a deal with Washington soon.

Speaking to Reuters, he said that India is making “great progress” in talks with the United States and that he was hoping that they could “conclude a very subordinate partnership.”

Until recently, the United States was the largest trading partner in India, with bilateral trade reached $ 190 billion in 2024. Trump and Modi set a goal for more than twice this number to $ 500 billion.

India has already reduced the customs tariff for a group of goods – including borbon whiskey and motorcycles – but the United States continues to run a trade deficit of $ 45 billion (33 billion pounds) with India, which Trump is keen to limit.

Follow BBC News India Instagramand YouTube, twitter and Facebook.





https://ichef.bbci.co.uk/news/1024/branded_news/9c55/live/643d85b0-6cfb-11f0-a946-676c1a094566.jpg

Source link

Leave a Comment