US President Donald Trump signaled constant progress towards a trade agreement with India and said for sure: “We will have access to India,” even though the details remain in negotiations.
Tuesday, Donald Trump, credited the tariff measures of its administration to open the markets previously closed to American businesses and stressed: “You have to understand, we had no access to any of these countries. Our people could not go inside. And now we get access for what we do with tariffs.”
While the agreement between the new Delhi and Washington needs to be completed, Trump drew parallels with a recently announced agreement with Indonesia, where the US will face zero tariffs for exports, and Indonesia will store a reduced rate of 19 %.
Trump said about the Indonesian agreement, “So we concluded an agreement with Indonesia. I talked to their really great president, very popular, very strong and smart. And we concluded an agreement. We have full access to Indonesia … As you know, Indonesia is very strong in copper.
Donald Trump added: “So they give us access to Indonesia, which we never had. This is probably the largest part of the agreement. And the second part is that they will pay 19 percent and we will not pay anything. I think it’s good for both sides.”
The agreement was described as “completed” on Trump’s true social platform, although Indonesia had to make a public statement.
While business interviews in the US and India continue to deepen negotiations before terms, India remains the largest US business partner facing reciprocal tariffs, discussing the expansion of market access and reducing rates for goods estimated between 150 billion and $ 200 billion in bilateral trade.
According to media reports, India and the US are trying to increase bilateral trade to $ 500 billion by 2030, but conversations are stopped over milk imports. India rejects US dairy products, cites cultural concerns and strives for strict certification for imports, emphasizes the protection of its dairy industry and small farmers.
India clearly called her a “non -regotitable red line” that protects her citizens and is looking for a strict certification that ensures imported milk comes from cows that are not fed by animal products such as meat or blood.
(Tagstotranslate) US-India Trade Talks (T) Bilateral Trade (T) Tariff Reductions (T) Dairy Imports (T) Donald Trump (T) US President Donald Trump (T) Trade Deal (T) Indian Markets
