New York/Washington, April 24 (PTI), US Finance Minister Scott Bessnt said that she expected India to conclude the first bilateral trade agreement to avoid the mutual tariffs of President Don Trump.
26 % “mutual” tariff on Indian exports to the US is currently at a 90 -day break that will pay 8 July. Like other countries, however, India is currently subject to 10 % of the existing policy tariff.
According to The New York Post Bessnt on Wednesday, a round table said about a dozen reporters that business interviews with India are “very close” to achieve a successful conclusion, because the most populous nation in the world does not have “so much tariffs”.
“India also has fewer non-tariff trading barriers, of course, no currency manipulation, very, very few government subsidies, so achieving an agreement with the Indians is much easier,” Bessnt said at the DC event on the outskirts of the World Bank’s annual meeting and international currency funds.
President Trump demanded that other countries to break their tariffs and non -tariff barriers of American goods and remove US trade deficits, New York Post said.
Previously, on Tuesday, the US Vice President JD Vance in Jaipur urged India to abandon non -tariff barriers, provide more access to its markets, and buy more American energy and military hardware when distributed a wider plan of deeper links between these two nations for the “prosperous and peaceful” 21st century.
New York Post quoted Census Bureau data to say that India has been almost 3 % of the imported goods to the US since February. According to the US sales representative in 2024, the US had $ 45.7 billion in 2024 in 2024.
(Tagstotranslate) India
