US President Donald Trump after declaring 25% tariff plus penalty
In the early hours of today, Trump, who took it to the real Social, announced a 25 percent tariff in India in addition to the purchase of Russian oil. Authorized, tariffs will be applied as of August 1, he said.
US President Donald Trump said Washington continued to negotiate trade with the new Delhi on Wednesday (local time). He stressed that India is one of the countries that implemented high tariffs to the USA.
In response to Ani, if the US remains open to negotiate with India on the tariff front, Trump said, “Now we are talking to them. We will see what will happen. Again, India was the highest or only tariff country in the world, the highest, 100 points, 150 points or percentage.
He commented at a press conference in the White House to mark the signing of the congress invoice.
In the early hours of today, Trump, who took it to the real Social, announced a 25 percent tariff in India in addition to the purchase of Russian oil. Authorized, tariffs will be applied as of August 1, he said.
“Even though we are our friends of India, we have done relatively less work with them for years because they have high tariffs among the highest world and have the most exhausting and disgusting trade barriers of any country.”
“They also bought the majority of military equipment from Russia and Russia’s largest energy buyer, together with China, will pay a 25%tariff at a time when Russia wants to stop killing in Ukraine, so we would like to thank you for your attention.
During the conference, the US President further clarified the conditions of the penalties imposed on India and said that the new Delhi’s alliance of BRICS called “anti -United States against the United States”. He also accused the alliance of “attack on the dollar”.
“We are currently negotiating, and at the same time the BRICs. There are BRICs, which are basically a group of United States, and India, if you can believe it. This will not allow a dollar to attack. We will not allow the dollar to attack.
Emphasizing India-US ties, Prime Minister Narendra called Modi as a “friend” while determining the trade deficit with the US. In addition, the India-US agreement reached a certain tariff, “it is not very important”, he said.
“As you know, Prime Minister Modi is my friend, but they don’t do much work with us. They sell us a lot, but we don’t buy them from them. Why? Tariff is very high. There is one of the highest tariffs in the world. Now they are willing to cut it very significantly. But we will see what India is.
“We will see what will happen. It is not important whether we agree or whether they get a specific tariff. But at the end of this week, you will know. August 1 is a big day for this country because the money will pour into the United States as we have never seen before.”
This announcement made an earlier move on April 22, when Trump applied a 26 percent tariff to Indian goods imported to the United States, without pause these “mutual” taxes.
(With inputs from the moment)
