US President Donald Trump praised Prime Minister Modi and said that the talks between the two countries are moving in the right direction. His statement has now started speculating that the issue of tariff between the two countries will be resolved and India will get rid of the US counter tariffs. Trade relations between India and America are growing rapidly.
Trump described Modi as his ‘close friend’
US President Donald Trump has once again praised PM Modi. And he has been described as a ‘close friend’ and ‘smart leader’. In addition, talking to reporters at the White House, Trump once again reiterated that India is one of the most tariffs in the world. The US President also said that tariff talks between the two countries are going well. Trump was referring to the ongoing bilateral trade agreement dialogue between the US and India. The talks started on 26 March 2025 in New Delhi. In which a team came to India under the leadership of American assistant business representative Brendon Lynch. The team will remain in India till 29 March and will discuss. Now that the US President has described Prime Minister Modi as his friend and said that “the conversation is going well”, there is speculation that the tariff has been agreed between the two countries.
Commerce Minister Piyush Goyal’s response
Commerce Minister Piyush Goyal has also said that the talks are “moving well” and bilateral agreement will be beneficial for both countries. If bilateral trade agreement is reached, India will be free from the ‘mutual charges’ levied by the US from April 2. The two countries are trying to agree on the trade deal before the April 2 deadline. If this agreement is reached. This will give a big boost to Indo-US trade.
India can reduce tariffs
To avoid US counter tariffs, India has proposed to reduce tariffs on imports worth $ 23 billion. India has proposed to reduce import duty (tariff) on American agricultural products such as almonds, cranberries, pistachios and walnuts. Along with this, India is also considering reducing import duty on LNG imported from America. India has recently reduced the tariff from 150 percent to 100 percent on the American bombon whiskey.
What will be the effect of tariff war?
If the US implements a “mutual tariff” policy on India, it will have an economic, business and strategic impact for both India and America. India can also impose tariffs on America in retaliation. India’s exports will be affected by the commencement of tariff war between the two countries. America is India’s largest export market. 18% of the total exports go to the US alone.
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