US President Donald Trump said on Tuesday that India may levy a tariff of 20-25%. This is slightly lower than the 26% reciperochl ie mutual tariffs announced in April. However, he warned that the final tariff has not been decided yet as the two countries are talking on a trade deal i.e. trade agreement before the August 1 deadline.
When he was asked to comment on the reports of Reuters whether India could face high American tariffs, which could be between 20% to 25%? On this, Donald Trump quoted Bloomberg as saying, yes, I think so. “
Donald Trump said, ‘India has been a good friend, but India has basically imposed more tariffs than almost any other country. Can not do this. Donald Trump made this statement when he was returning to Washington from a five -day visit to Scotland. When the reporter asked if the agreement with India had taken the final form, the US President said, ‘No, it is not so.’
Earlier, Donald Trump said on Monday that most partners who do not make separate trade agreements will soon face 15% to 20% tariffs on their exports, which is much higher than the comprehensive 10% tariff in April. His government will soon inform about 200 countries about their new ‘world tariff’ rate. If this happens, many other countries including Vietnam (20%) and Indonesia (19%) will be in better position than India. Also, the European Union and Japan (every 15%) and the UK (10%) are also in a better position. At the same time, more than 30% percent of tariffs can be imposed on China in America.