President Donald Trump criticized Indian trade policies on Monday (September 1) in the Indian social contribution and described the economic relationship between the two countries as “completely unilateral” and “catastrophe” for the United States.
Trump claimed that India has long benefited from the sale of large volumes to the US and at the same time limits US companies in entering its market.
“Few people understand that we do very few shops with India, but they do a huge amount of business with us,” Trump wrote. “In other words, they sell a huge number of goods, their largest” client “, but we sell them very little.”
Tariff criticism
The President accused high Indian tariffs for limiting US exports.
“Until now, a completely one -sided relationship and it has been for many decades,” he said. “The reason is that India has so far charged such high tariffs, most of the country that our businesses are unable to sell to India. It was a completely one -sided disaster!”
Oil and defensive ties with Russia
Trump also noted that India was a continuing reliance on Russia for energy and defense equipment.
“India buys most of its oil and military products from Russia, very little from the US,” he wrote.
Tariffs cuts “too late”?
According to Trump India, she recently signaled the willingness to reduce tariffs, but suggested that this step may not be enough.
“Now they offered to reduce their tariffs, but it’s too late. They should do it years ago,” he said, adding, “For people only a few simple facts to think !!!”
Also read | Chinese, Russian, Indian leaders promise cooperation in Trump report
PM Modi leads interviews with Putin, XI
Trump’s remarks coincide with the bilateral meetings of Prime Minister Narendry Modi with Russian President Vladimir Putin and Chinese President Xi Jinping on the edge of the Summit of the Organization for Cooperation in Shanghai in Tianjin.
Trump doubles obligations on Indian goods
The United States has increased tariffs to Indian exports to 50%, which is a step that has caused strong criticism from the new Delhi. The steep duties announced by President Donald Trump include the oil-11756253730854.html “Data-Vars-Page-Type =” Story “Data-Vars-Link-Type =” Manual “> 25% Mutual tariff and another 25% giving Russian oil.
Impact on the Indian exporter
New tariffs, which are effective from August 27, are expected to hit Indian textiles, gems and jewelry, seafood, chemicals, steel, aluminum and copper branch. According to SBI research, exports of approximately $ 45 billion will be affected.
The US is the largest Indian export destination for textiles and is almost a third of Indian gems and jewelry of $ 28.5 billion.
Services and pharmacies remain isolated from new obligations due to exceptions and offer relief to IT companies such as TCS, Infosys, Wipro, HCl and Tech Mahindra.
India’s reaction: “won’t bow to”
India condemned tariffs as unfounded and disproportionate. Prime Minister Narendra Modi said she would not compromise the interests of farmers, livestock breeders and small industries, even as pressure mounts.
The Minister of Commerce and Industry Piyush Goyal said, “If someone wants to have a good free trade agreement, we will always be ready. But if someone is discriminating, we will never bow or never weak.”
Bilateral business contract in limbu
India and the US have been negotiating a bilateral trade agreement (BTA) with five rounds of interviews since March. The sixth round, scheduled for August 25, was postponed after the tariff increases. Washington is pushing for a greater approach to Indian agriculture and dairy markets, while the new Delhi is looking for a decrease in tariffs.
Global context and legal challenges
The tariffs are part of the wider use of Trump’s duties as a political weapon and disrupt the flows of global trade. Other fees in India were introduced in accordance with Washington’s efforts to pressure on Moscow for his war in Ukraine by discouraging Russian oil.
Meanwhile, the US Court of Appeal has recently ruled that most Trump’s tariffs are illegal, although they remain valid until October 14 to allow appeal to the Supreme Court.
(Tagstotranslate) Donald Trump in Indian trade
