‘We’re Going To Have Deal…Much Less Tariffs’: Trump On India-US Trade Talks | World News
US President Donald Trump pointed out the possibility of a new trade agreement with India on Tuesday, emphasizing the need to reduce tariffs and more market access.
“I think we’ll make an agreement with India. And this will be a different agreement. There will be an agreement that we can compete in and compete. Now India does not accept anyone. I think India will do it and if they do it, we will make an agreement for less tariff.” He said.
India and the United States are dealing with negotiations for a bilateral trade agreement (BTA) in front of the deadline for 9 July and point to the end of a 90 -day pause in tariff upgrades.
In the meantime, India, government resources on Monday, said that high -risk trade negotiations with the United States reached a very important main main, said that it adopted a more strict attitude on agricultural issues.
The Indian delegation, led by the negotiator Rajesh Agrawal, expanded his stay in Washington, as previously reported by the moment. Two negotiations were planned on Thursdays and Fridays, but it was expanded as I urgently worked to finalize a temporary trade agreement before the deadline of both countries.
Both countries come to expanded negotiations as they face the approach of 26% mutual tariffs suspended. Initially applied during the Trump administration on April 2, these punishing measures were temporarily suspended for 90 days, but will continue automatically if the agreement is not reached.
“The failure of these trade debates would trigger the immediately re -implementation of 26% tariff structure.”
India’s hardened position reflects the politically sensitive nature of the agricultural sector. Small -scale livelihood farmers with limited land assets are dominated by the country’s agricultural landscape and forcing agricultural privileges especially from both economic and political perspectives.
In particular, India has never opened the milk sector to foreign competition in any free trade agreement – a precedent precedent seems to be reluctant to break even under the US pressure.
The United States forces to take reduced tasks on agricultural products, including apples, peanuts and genetically modified products.
In the meantime, India, textiles and clothes, jewels and jewels, leather products and shrimp, oil seeds, grapes, such as agricultural products such as labor intensive exports require intensive access.
Beyond the emergency temporary agreement, both nations work for a comprehensive bilateral trade agreement (BTA) with the first stage aimed at completing until 2024. The final target is ambitious: Double trade from 2030 to $ 191 billion to 500 billion dollars to double.
(With memory entrances)
