‘Studying implications, will take steps necessary to secure national interest’: India on Trump tariff

On Tuesday, the Ministry of Commerce and Trade reacted to US President Donald Trump’s tariff in India, while examining the results of the announcement and taking all the necessary steps to secure national interests.

“India and the United States have negotiated to conclude a fair, balanced and mutual bilateral trade agreement for the last few months.

The government attaches great importance to protecting and promoting the welfare of our farmers, entrepreneurs and MSMEs, “The Ministry is in a statement.” As in other trade agreements, including the latest comprehensive economic and trade agreement with the UK, the government will take all the necessary steps to secure our national interests. “He said.

Trump said he would apply 25% tariff to the goods imported from India as of August 1, on Wednesday, on Wednesday. He added that the world’s largest economy will also face a penalty that was not specified starting on Friday, but did not give details.