New Delhi: US President Donald Trump is going to drop tariff bombs on several countries including India on 2 April. This is likely to start the trade war globally. Trump claims that the US would benefit about $ 100 billion from tariffs. Trump first imposed tariffs on Canada, Mexico and China, due to which these countries took a confrontation with Trump. On the other hand, India has opted to avoid trade war with Trump, so now Trump has indicated that when mutual tariffs start to implement worldwide from April 2, the US will not place India in the category of China, Canada and Mexico and will place it in a separate tariff category.
The trade talks between India and the United States are moving smoothly, but there is no indication of the deadlock of the US mutual tariff before the April 2 deadline. Sources said that the US may implement the new tariff structure in a phased manner and reduce tariffs on high demand goods. This effort of America can provide great relief to India in some areas. The conversation between the two countries can finalize the outline of the new agreement in the next three days.
Later Donald Trump increased the 10 percent tariff to China to 20 percent. Not only this, it announced 25 percent tariffs on Mexico and Canada from 1 February, after which China, Canada and Mexico also announced high tariffs on American goods in retaliation. At such a time, Trump has adopted an aggressive attitude towards India.
According to media reports, Indian officials have held their first personal meeting with US officials to discuss the bilateral trade agreement between India and the US. The special thing is that this meeting was held before the April 2 deadline. It was said in this meeting that the Trump administration does not connect India to countries like China, Mexico and Canada. The reason for this is that the US has serious problems with China, Mexico and Canada about currency manipulation, illegal travel and many other security concerns. On the other hand, the US only has to resolve the tariff dispute with India, which the officials of both countries are solving in a cordial manner.
According to sources, India has already indicated about the products on which it is ready to reduce tariffs to avoid trade war with Trump. It includes electric vehicles coming from the US, automobiles, bikes and wine-alcohol as well as some other agricultural products coming from the US.
India relief on the post tariff issue: China, Canada will not be classified first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
