Trump’s Global Tariff Ultimatum Looms: India Races To Finalise Trade Pact With U.S. Amid 20% Threat | World News
New Delhi/Washington: As the days go by US President Donald Trump’s August 1 Tariff deadline, trade officials from India and the United States are locked in intensive negotiations and are trying to sign a bilateral agreement that can protect India from a new wave of imports.
At the center of urgency, Trump has a latest statement about a blanket tariff ranging from 15% to 20% in imports from any country that does not make a separate trade agreement with Washington. British Prime Minister Keir Starmer standing next to the Turnberry in Scotland, Trump, “I can say that this will be somewhere in the range of 15 to 20 percent for the world. I just want to be good,” he said.
Still during the negotiation phase, if the negotiations do not end before Trump’s imposed part, India is at risk of being shot with this punishment. Rajesh Agrawal, India’s chief negotiator, is currently in Washington, while the authorities returning home have strictly lips about any breakthrough.
“Oman, the EU and the United States with New Zealand, Chile and Peru with the United States, said in a very advanced stage … So we are busy in many FTA at the same time.
When asked whether the US agreement would be done before Hammer fell, a goyal refused to commit a timeline.
But there’s anxiety behind the closed doors. According to sources in the Ministry of Commerce and Industries, a delegation of US negotiators is expected to land in the new Delhi until mid -August, a timeline that exceeds the deadline of Trump.
The US president’s tariff warning is separated from the previous 10% base line. “In fact, we will set up a tariff for the rest of the world, and this is what they will pay if they want to do business in the United States. You can’t sit down and make 200 agreements,” he said.
Sudden rise for smaller nations, many of which are waiting for a rate of 10%, can be punishing. Trade Secretary Howard Lotnick had previously implied that countries in Latin America, Africa and Caribbean could face a 10% flat rate. Now it looks from the table.
By the way, India is not alone. Japan, Indonesia and the EU have already been shot with new tasks – even countries like 15%, 16% and 15%. Countries such as Brazil and Laos, such as Brazil and Laos, retaliated with 40% and 50% high tariffs.
Finance Minister Nirmala Sithaman threw an optimistic tone in a cautious way. At the launch of a book at the weekend, he confirmed that trade negotiations with the United States are “well progressed ,, but stopped identifying expectations for timing.
Bets for India go beyond tariffs. Goyal said that the Indian-UK Free Trade Agreement (FTA), which was signed earlier this year, has opened the doors of the negotiation strategy with a broader “complementary economies” strategy with “complementary economies”, unlike the FTAs of the FTA, which are frequently seen directly with competitors such as ASEAN.
“Business opportunities, the quality of Indian goods and services, the quality and cost competitiveness of the young and desire, the demographic dividend of our population, the superiority of law and the power of our democracy make India a preferred global partner,” he said.
If Trump passes through the agreement, this feeling can offer little comfort. India faces 26% mutual tariff risk without a US agreement with a rate that can destroy its heavy sectors.
As of now, the world’s largest democracy is negotiating against an unpredictable president who seems willing to reset the clock and global trade rules.
