India responded to a 25 % tariff deposited by the United States on Indian imports and stated that the new Delhi “studied his consequences”. India also said that the new Delhi would take steps “necessary to secure our national interest”.
Donald Trump on Wednesday 30th July announced 25 % tariff to India, starting on 1 August, referring to high Indian trade barriers. In addition to 25 % of the tariff, India will also face another “punishment” for energy and defense ties with Russia, because Trump said that Moscow allowed the war in Ukraine.
However, he did not specify the percentage of additional sanctions that the US would deposit in India.
A complete statement of India on USA that imposes 25% tariff
In its first statement after 25 % of the US tariffs in India, the central government has taken note of bilateral trade and “studying his consequences”. India also said that it was still determined “fair, balanced, mutually beneficial” trade agreement with the US.
“The government acknowledged the statement of the US President of bilateral trade. The government is studying its consequences. India and the US have been dealing with negotiations on a fair, balanced and mutually beneficial trade agreement in the last few months. They have continued to commit to this goal.”
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She also said: “The government combines most important for the protection and support of the well -being of our farmers, entrepreneurs and MSME.”
“The government will take all the steps necessary to ensure our national interest, as was the case with other commercial agreements, including the latest comprehensive economic and business agreements with Great Britain,” the ministry said.
What did Trump said?
Donald Trump called India a “boyfriend” and accused the new Delhi of storing some “highest tariffs” on the United States and maintained “unpleasant” non -monetary trade barriers. Along with 25 % of the tariff, India will also face another “punishment” for buying Russian oil.
“Remember, while India is our friend, over the years we have been doing relatively few shops with them, because their tariffs are too high, among the highest in the world, and have the most strenuous and unpleasant non -monetary trade barriers to any country,” Trump said about the truth.
“They have always bought the vast majority of their military equipment from Russia and are the largest Russian buyer of energy along with China at a time when everyone wants Russia to stop killing in Ukraine – all things are not good!”
He said: “India will therefore pay the tariff 25%plus punishment for the above, starting on the first August. Thank you for your attention.”
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