Commercial Agreement US-India: In the middle of the ongoing commercial interviews with Donald Trump Administration, Indian officials expect them to arrange for an agreement with lower tariff rates than Indonesia, the report said on Thursday.
According to the Bloomberg report, quoting an unnamed officer in Nový Delhi, India is looking for a more advantageous customs rate than Indonesia and Vietnam, as it races to meet the 1 August, after which the US can pay 26 % for its exports to Washington.
Donald Trump said on Tuesday that he would store 19 % of the tariff in Indonesia and be able to transfer US goods to a country without tariffs. This was from the initial 32 percent, which was announced in April. For Vietnam, the tariff decreased to 20 percent.
The US and India are working on an agreement that would reduce the proposed tariffs below 20 percent, Bloomberg said earlier. A team of negotiators is present in Washington to discuss tariff rates.
The new Delhi hopes for a tariff that would give him a competitive advantage towards his peers in the region, it is reported in the report.
India is convinced that her business agreement with the US will be better than in Indonesia and Vietnam, because America does not consider it a translation center as other Southeast Asia countries. The negotiations have so far indicated that the rate of tariffs in India would be better than in these countries, one of the officials of Bloomberg said.
Trump teasing a business agreement in India
US President Donald Trump soon indicated a new business agreement with India. While he added “maybe”, he said that the US is currently dealing with India.
“We have another (agreement), maybe with India … we are in negotiation,” Trump said.
“We have to announce some quite good shops … We are very close to agreement with India, where they open it,” he added.
This came the day after the US President said his administration was working on an agreement that allows her to access Indian markets.
“We’ll have access to India. And you need to understand, we didn’t have access to any of these countries. Our people couldn’t go in. And now we get access to what we do with the tariffs.”
(Tagstotranslate) US-India business agreement
