Trump tariffs: The highest economic advisor to Donald Trump was a warning to India at 50 % of American tariffs for Indian exports.
In an interview with reporters, the director of the US National Economic Council Kevin Hassett, he called on the ongoing business interviews in India “complicated” and accused India of “failure” to open its market for American products.
Kevin Hassett said that business negotiations with India were complicated and claimed that some of the interviews “were associated with the pressure we tried to induce Russia to ensure a peace agreement and save millions of lives.”
“And then there is an Indian failure to open their markets to our products,” he added.
In comparing India-USA’s business interviews with the Hassett marathon, he said that these negotiations require long-term outlook and there will be rise and decrease before both sides combine to the final position.
“If you look at business negotiations, one lesson we all learned is that you have to put your eyes on the horizon and realize that there will be outflows and flows before reaching the final position,” he said.
Kevin Hassett accused India of “failure” and said Donald Trump would not be a budget unless India was.
“If the Indians don’t look at, I don’t think it will be President Trump,” he said.
Since Wednesdays, the US has doubled its tariffs to Indian exports, apparently for the purchase of Russian oil, although such imposed ones were not carried out in countries such as China, which also buy Moscow products. Trump’s tariff in India is now 50 % – the highest in the world with Brazil.
Scott Bessnt echoes Kevin Hassett
Fox Business said on Wednesday that India had benefited from Russian raw shopping and repeated the strong views of Kevin Hassett on New Dill.
US Finance Minister Scott Bessnt accused India of “knocking” the US as regards interviews on the Terms Agreement in India.
“The Indians came very soon, after the day of liberation to start negotiating on tariffs. And we still have no agreement. I thought we would have an agreement in May or June. I thought India could be one of the earlier shops,” he said.
“As far as negotiations are concerned, they tapped us a bit, and then there is also an aspect of Russian raw purchases on which they benefited. Many levels are happening here,” added Scott Bessnt.
He said that Indian bargaining attitude was “performative” and has seen the advantage of the US as a deficit country in business relations.
(Tagstotranslate) Russian oil purchases
