US President Donald Trump. | Photo Credit: AP
Before the expected announcement of the “reciprocal tariff” of the United States President Donald Trump, the government reinforced the harsh tariffs against India. However, he also hoped for some relief or indoor -in -law on the road due to concessions on import obligations that the Indian negotiators have suggested to the US sales representative in the last few weeks.
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– Donald J. Trump (@realdonaldtrump) 2 April 2025
The first message of the Social Media Day, Mr. Trump, saw his plans – which have maintained global markets over the past few weeks, including Indian indicators, on short news destinies. “Is the day of liberation in America!” Mr. Trump wrote on a rule social platform, using the term he used to carry out tariffs on several countries claiming that the US had “unjust” by imposing higher import obligations than they receive from the US
Mr. Trump also shared a video in the White House that gathered announcements by a number of foreign companies that would produce goods in the US, which, according to him, was the goal of the campaign “America First”.
‘Waiting for the game’
All eyes will be on how the markets will react when they open on Thursday, and whether India will join other countries that have already warned or implemented countermeasures against the US or not. “Now it is a waiting game,” the official said, refusing to comment on what the government could be.
India has been identified as a country with the “highest average state nation (MFN) at the Customs Rate (17%) of any major world economy from the Ustr report on foreign trading barriers published this week. It is also one of the Ministers of the State Treasury Scott Bessnt “Dirty 15”, with the highest bilateral business deficit ($ 45.7 billion) in its favor. In addition, he collected Indian surcharges, market access in many areas and compulsory price restrictions of items such as healthcare equipment for sanctions.
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However, Mr. Trump’s statement that India has now been ready to bring the “way down” tariffs was considered to be recognized that Trade Minister Piyush Goyal and Indian trade negotiators made the country’s image. The sources said after visiting Mr. Goyal to Washington and interviews from March 25 to 29. March between the Ustr Ministry and the Commercial Ministry in Delhi, India, it would discuss to reduce or zstr to more than half of the US goods.
Published – April 2, 2025 20:49
