New Delhi. US President Donald Trump has said that his country will impose reciperoot tariffs on 2 April on things imported from many countries including India. Due to this, many people in India are expressing concern. Meanwhile, the Hindi newspaper Dainik Hindustan quoted sources as saying that the Modi government has geared up to break the tariff of America. Under this, Commerce Minister Piyush Goyal has been in America since March 3. The newspaper quoted sources as saying that Piyush Goyal has met the Commerce Secretary Howard Lonnik in the US and the business representative Jemisson Greer and discussed the business between India and the United States. Apart from this, the Modi government can take big steps.
India’s Commerce Minister Piyush Goyal has come to the US to talk about tariffs.
The newspaper has quoted sources as saying that India and the US are trying to prepare a roadmap for bilateral trade agreement. Apart from this, India and America are also trying to solve the issue by discussing tariffs and non -tariff barriers. At the same time, some other media reports have said that there may be a free trade agreement between India and the US to avoid tariffs. If there is an FTA, India and America can decide on reducing or removing tariffs on things imported from each other.
According to government data, the export of India from India is only 2.2 percent of GDP. In such a situation, even if the Trump administration puts tariffs on India, it may not have much effect. According to data, Trump’s tariff plan in Asia will have the biggest impact on Vietnam. Whatever is exported to America from Vietnam is about 25 percent of its GDP. According to the information, India’s Commerce Minister Piyush Goyal will hold talks with the government there in the US till March 8. It is expected to lead a way out. It is believed that US President Donald Trump may soon announce some more measures to not allow the reciperook tariff to not be allowed. The special thing is that Ursula von Der Leyen, the President of the European Union, came to India with the European Union College of Commissioners in the past. Ursula also discussed increasing trade from India.