India wants to cut down tariffs…., says Trump: ‘Somebody is finally exposing them’
Trump’s remarks came hours after India's cautious reaction to US announcement on reciprocal tariffs. India in its response said it is looking at deepening trade ties with the US including by reducing tariff and non-tariff barriers under a bilateral trade agreement.
US President Donald Trump said Friday that India has ‘agreed” to ‘lower their tariffs contrivance down’. Talking at the Oval Discipline of job, Trump said, “India charges us big tariffs, big it is possible you'll per chance’t even promote the relaxation in India. It’s almost… it is restrictive. You perceive, we pause slight or no replace internal. They've agreed, by the vogue. They should lower their tariffs contrivance down now because any individual’s finally exposing them for what they maintain done.”
Trump’s remarks came hours after India’s cautious reaction to US announcement on reciprocal tariffs. India in its response said it is having a stare at deepening replace ties with the US including by cutting back tariff and non-tariff boundaries below a bilateral replace agreement.
Randhir Jaiswal, spokesperson for the Ministry of External Affairs, said that one day of Prime Minister Narendra Modi’s seek recommendation from to the US remaining month, each facet announced plans to barter a mutually invaluable, multi-sector Bilateral Trade Agreement (BTA).
“Our aim through the BTA is to toughen and deepen India-US two-contrivance replace across the merchandise and services and products sector, fabricate greater market ranking entry to, gash tariff and non-tariff boundaries, and deepen present chain integration between the two worldwide locations,” Jaiswal said.
In his newest salvo, the US president whereas addressing a joint session of the Congress on Tuesday mentioned India alongside the European Union, China and Canada for charging greater tariffs on American merchandise.
Trump said utterly different worldwide locations maintain used tariffs against the US for decades, and now it’s “our turn” to open the utilize of them against those countries.
Modi held talks with Trump on February 13 talks in Washington DC.
In the assembly, the two aspects agreed to barter a mega replace deal by the slay of this yr and build an mettlesome plan of USD 500 billion in annual replace by 2030 to narrow the replace deficit.
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