New Delhi. US President Donald Trump announced a reciperook tariff on all countries on 2 April. Trump then announced a 26 percent tariff on India. Donald Trump has been continuously saying that India takes too much tariff. Trump has currently decided not to put 90 days tariffs on the rest of the countries including India except China. Meanwhile, the news is that there may be an interim trade agreement between India and the US within this deadline. According to the information, India and the United States have set the conditions for the trade agreement. Also, many points have been reported to have agreed.
If India and the US currently get an interim trade agreement, India may get a discount from Trump’s tariff. The Commerce Department of Trump Administration has already said that all the countries are talking to resolve the issue of tariffs and India is at the forefront. India takes different tariffs on goods imported from America. The average of these tariffs is 52 percent. The US wants India to either reduce tariffs or eliminate some things at all. The US also wants to protect its agricultural products from India’s tariffs. Trump himself has made a public statement about this. At the same time, India imposes tariffs on America’s agricultural products in view of the interests of its farmers.
At the same time, Commerce Minister Piyush Goyal has given a big statement on the issue of tariffs. Piyush Goyal said on media questions on Friday that India does not deal at the tip of the gun. Piyush Goyal said that there will be no talks under any pressure and the protection of India’s interests is at the top. Piyush Goyal also said that all the trade -related talks between India and the United States are taking place in the direction of India First and developed India. India and America currently trade $ 191 billion. Both countries are trying to increase it from 2030 to $ 500 billion. Piyush Goyal went to America in the past to interact on the issue of tariffs. At the same time, a US delegation has also come to India and discussed business with officers of the Ministry of Commerce for several days.
