You Cant Promote Something In India: US President Trump Says Uncovered New Delhi Prepared To Minimize Tariffs
US President Donald Trump on Friday once more reiterated that India imposes large tariffs on the US and said that New Delhi has agreed to chop tariffs to enhance commerce relations. Hours earlier than Trump’s assertion, India mentioned that it was engaged on the Bilateral Commerce Settlement (BTA) with the US.
Talking to reporters on the White Home, Trump mentioned, “India prices us huge tariffs. Large. You’ll be able to’t even promote something in India. It’s nearly restrictive, we do each little enterprise inside. They’ve agreed, by the way in which; they wish to reduce their tariffs approach down now as a result of any individual is lastly exposing them for what they’ve accomplished.”
Trump had earlier focused India’s import duties in a speech to a joint session of Congress. Trump particularly focused India’s tariffs on vehicle imports, saying, “India prices us auto tariffs increased than 100%.”
Talking to the media earlier on Friday, MEA spokesperson Randhir Jaiswal mentioned that India and the US are gearing as much as negotiate a landmark Bilateral Commerce Settlement (BTA) that would doubtlessly increase commerce between the 2 nations.
Jaiswal mentioned that the settlement goals to strengthen and deepen India-US two-way commerce in items and companies, enhance market entry, and scale back tariff and non-tariff obstacles.
“The 2 governments are within the strategy of advancing discussions on a multi-sector Bilateral Commerce Settlement. By means of the BTA, our goal is to strengthen and deepen India-US two-way commerce within the items and companies sector, enhance market entry, scale back tariff and non-tariff obstacles, and deepen provide chain integration between the 2 nations,” mentioned Jaiswal.
The announcement comes after Prime Minister Narendra Modi’s go to to the US in February 2025, the place either side expressed curiosity in negotiating a mutually helpful, multi-sector BTA. Commerce and Industries Minister Piyush Goyal additionally just lately met his US counterparts to advance discussions on the settlement.
