India engaged in further trade talks with US
India is engaged in trade talks with the United States, the Indian government source, a source of Indian government, who has knowledge about the discussions the day after US President Donald Trump signed an order that has signed an order that signed an order that applies a 25 percent tariff to the export of the new Delhi.
Trump, according to the presidential manager, 35 percent of goods from Canada, 50 percent for Brazil, 20 percent for Taiwan and 39 percent for Switzerland, including dozens of trade partners, including steep import tasks.
A government source is expected to visit the new Delhi in August in August.
“We are focusing on the important agenda that the two countries commit that the relationship will continue to progress,” Indian Foreign Ministry said on Friday. He said.
Trade talks between Washington and New Delhi drowned with issues, including access to the high -protected agricultural and milk sector of India.
According to the source, approximately $ 40 billion (A62 billion dollars) from the South Asian country, the fifth largest economy in the world, can be affected by Trump’s tariff Salvo.
Without an agreement, this ratio damages the economy of a strategic US partner in Asia, which is seen as a bachelor and potentially a balance against the Chinese influence for the hard trade conditions than India.
Source, India’s agricultural and milk sectors is not the problem of sacrificing, especially in these products, animal feed does not allow the import of dairy products due to religious opposition, he said.
On Wednesday, Trump also threatened with commercial relations with Russia and additional penalties to the membership of great developing and developing economies.
There is no clarity in the penalty yet. Trump blames Brick of following “anti -American policies ..
He said that the differences between the US and India could not be solved overnight to reach a trade agreement.
The US has a trade deficit of $ 46 billion with India.
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