When asked if he was ready to interact with India on tariff, Donald Trump said, ‘We are talking to him right now. We will see what happens. India was the most tariff country in the world… we will see. We are currently negotiating with India. They sell us a lot, but we do not buy them… because the tariff is very high. He has one of the most tariffs in the world. Now, they are ready to reduce it very much. But we will see what happens. We are talking to India right now. We will see what happens. It does not matter much that we have an agreement or we charge them a certain tariff. But you will know at the end of this week… ”
In the white house, Donald Trump said, ‘Well, we are still talking, and this is also a BRICS. You know, they have BRICS, which is basically a group of countries against the United States, and India is its member… It is an attack on the dollar, and we will not let anyone attack the dollar. ‘ Earlier, Donald Trump had said that the BRICS would try to try to end the ‘dominance’ of the BRICS Group, Brazil, Russia, India, China and South Africa, and threatened that they would impose 10 percent of additional tariffs on group member countries if they do so.
Donald Trump announced on Wednesday that 25 percent tariffs will be imposed on all goods in India from 1 August. At the same time, Donald Trump had said that Russian will also impose a fine on India to buy crude oil and military equipment. This amazing announcement came a day later, when Indian officials said that an American trade team would come to talk on the trade agreement from August 25.
As soon as Donald Trump announced the tariff on India, the government also gave its verdict. The Government of India clearly said that Nation is first for him and India will take every necessary steps in the country. The government is studying its effect. Even after Trump’s statement, India gave a balanced reply and said that we are still committed to that purpose i.e. trade deal.
The government said in its statement, ‘We give supreme importance to the welfare and promotion of farmers, entrepreneurs and micro, small and medium enterprises (MSMEs). The government will take all the necessary steps to protect its national interests, as has been in case of other trade agreements including the recent Cast Economic and Trade Agreement (CETA) with Britain.
