Trump's new plan regarding US tariffs on India
US President Donald Trump has imposed a 26% tariff on goods from India, along with high duties on several other countries. The Indian government's response and the future of India-US trade relations are discussed.
US President Donald Trump Imposes Heavy Tariffs on Goods from India and Other Countries
US President Donald Trump has recently announced heavy tariffs on goods imported from many countries, including India. A 26% duty has been imposed on goods coming from India, while high rates of duty have also been imposed on other countries such as Vietnam (46%), Taiwan (32%), Japan (24%), and China (34%).
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Trump Active for Trade Agreements
According to a CNN report, Trump is negotiating trade agreements with India, Vietnam, and Israel. Sources believe that in the coming days, America may give some relief in tariff rates with India.
Trump's Statement: "Modi is My Friend, But..."
Announcing the tariff, Trump said, "Prime Minister Narendra Modi is my good friend, but India charges us 52% duty. So we will also impose 26% duty."
Indian Government's Response
The Indian government has begun reviewing this decision. The commerce ministry is taking feedback from exporters and analyzing the possibilities arising from the tariff change.
Opinion of Experts
Foreign affairs experts believe that it is possible that, during the bilateral talks in the coming days, America may consider giving relief in the duty imposed on India.
Conclusion
The tariffs imposed by Trump have brought a new twist to India-US trade relations. It will be important to see to what extent India gets relief in this round of deals. For more details, visit our International Section and stay updated with the latest news.
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