US President Donald Trump said that America has maintained a good relationship with India, but has described a business relationship for many years as “one -sided” due to high Indian tariffs on American goods.
“No, we get along very well with India,” Trump said in the White House on Tuesday (September 2) in response to whether he is considering removing some tariffs stored in India.
Trump stressed that India charged “huge tariffs, the highest in the world” that limited US business with India. He said, “But they traded with us because we did not charge them, foolishly, we did not describe them. Send it, poured it into our country. That is why it would not be done, which is negative, but we would not send anything because they charged 100% of the tariffs.”
Harley-Davidson example
Trump quoted Harley-Davidson and said the US company was facing 200% of the motorcycle tariff imported to India, which made the company establish a plant in India. “So what happens?
Trump’s report on business reform
Trump stressed that the US had taken steps to remedy imbalances since it was taken over by the office, which means that changes in tariffs and business politicians have created a fairer environment for US companies.
Trump doubles obligations on Indian goods
The United States has increased tariffs to Indian imports to 50%, which is a step that has caused strong criticism from the new Delhi. The steep duties announced by Trump include 25% reciprocal tariff and another 25% fee for Russian oil purchases in India, which made them any nation among the highest Washington.
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.”
India hopes to conclude its proposed bilateral trade agreement (BTA) with the United States in autumn, potentially in November, despite the recent geopolitical challenges affecting conduct. Goyal expressed optimism on Tuesday and stressed that the trade discussion between the two nations is expected to continue in full pace
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.
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