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Trump Tariff: This statement of Donald Trump can create a new challenge in Indo-US trade relations. On the one hand, they are giving the message of friendship, on the other hand, they are also showing a tough stand on India’s tariff policy.
Trump Tariff: US President Donald Trump has made a big statement about the proposed trade agreement with India. He said that this deal has not yet been finalized and India is one of the countries which impose the most import duty (tariff). His statement has come at a time when preparations for the next round of talks between the two countries are going on.
“Deal is not final” – Trump made a statement in Air Force One
While returning from Scotland, Trump was asked whether the trade deal with India was finalized during a conversation with reporters in Air Force One? He clearly said, “No, this is not a final.”
India again accused
Targeting India’s trade policies, Trump said, “India has been one of the most tariffs imposing the most… but now I am in responsibility and it will not work like this.”
Friends told Modi, but maintained on conditions
However, Trump described Prime Minister Narendra Modi as “friend” and said, “India and Modi are my good friends. He stopped the war with Pakistan on my appeal, and it was a big achievement.” But at the same time, he also made it clear that the interests of America will not be compromised.
Next round on 25 August
An official in New Delhi informed that an American team will come to India on August 25, but both sides are trying to reach an interim trade agreement before 1 August. This date is important because then the suspension period of tariffs imposed by the US will end.
Five round conversations completed so far
So far, five rounds of talks have been held on the trade agreement between India and the US, the last meeting was held in Washington. Both sides are trying to resolve some disputed points so that the tariff can be avoided.
This statement of Donald Trump can create a new challenge in Indo-US trade relations. On the one hand, they are giving the message of friendship, on the other hand, they are also showing a tough stand on India’s tariff policy. The coming week can be decisive for both countries, especially before the deadline of August 1.
