Donald Trump’s BIG warning on India tariffs ahead of August 1 deadline; ‘India a good friend, but…’
India and the US have been trying to work out a trade agreement for several months, but they haven’t reached a final deal yet. President Trump has been asking for better access for American products in India, something he has pushed for in other trade deals too.
US President Donald Trump acknowledged that Indian products may rapidly face greater taxes up to 25 per cent when sold in the US, if both countries fail to make a decision on their trade differences rapidly. “They will wish to pay 25%,” Trump told journalists, as reported by CNN. When asked him if India may face tariffs between 20 per cent and 25 per cent, Trump acknowledged, “Yes, I absorb so. India has been my buddy, however quiet…”
He added that India has been an honest accomplice, however he feels the nation charges greater taxes on U.S. products than most others. “India puts more tariffs on us than nearly any other nation. That’s no longer lovely,” Trump acknowledged while flying help to Washington from Scotland.
If the U.S. does attach a 20–25 per cent tax on Indian goods, together with a conventional 10 per cent starting up charge, India may quiet absorb an edge over Bangladesh in the textile trade. Nonetheless, countries indulge in Vietnam (20 per cent), Indonesia (19 per cent), the European Union and Japan (15 per cent every), and the UK (10 per cent) would quiet be in an even bigger convey. Lawful now, Chinese language goods entering the U.S. are taxed essentially the most, at 30 per cent.
Attend in April, Trump had already imposed a 26 per cent tax on Indian imports, however later paused that call, calling them “reciprocal tariffs.”
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