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Washington has imposed a reciprocal rate with 27% discount on all Indian goods.
Mea Randhir Jaiswal spokesman (PTI image)
India in American tariffs: The Ministry of External Affairs (MEA) said Wednesday that India is studying the implications of 27% of the reciprocal rate, announced by the US in India and that more discussions are being made for a rapid benefit of the multisectoral sector of bilateral test. Beneficial. Beneficial.
Donald Trump’s rate on Indian goods kicked at 9:30 am Wednesday (IST).
While heading to the weekly media session, Mea’s spokesman, Randhir Jaiswal, said he expected India and the USA. UU. They would close the son of a multisectoral bilateral commercial agreement.
“In the third place, we had a detailed question of press releases from the Ministry of Commerce where India’s position was made. We are studying the implications of the rates that have been announced …”, he said when he asked US tariffs about Indian imports.
Jaiswal also said that India and the United States hope to conclude the bilateral agreement for the fall of 2025, adding that the same was mentioned during the joint statement after the meeting of Prime Minister Narendra with President Donald Trump in Washington DC.
“The discussions are ongoing between India and the United States commercial teams for an expeditious conclusion of a mutually beneficial multisectoral commercial agreement. India values its comprehensive global strategic association with the United States and is committed to work closely with it … both teams are in discussion and luckily we can close it,” Hey added.
EAM JAISHANKAR on US rates.
Today early, External Affairs Minister, Dr. Jaishankar, said India is cheating with the Trump administration to reach an agreement on tariffs. While talking at the growing summit of Bharat of News18, Jaishankar said that has seen that India sees “an opportunity” in the current situation regarding tariffs.
He said that while it is not the right time to talk about the impact of tariffs on India, since that has not yet been known, India’s strategy to commit to the Trump administration on the subject is not something negative.
Jaishankar said: “Our strategy has been clear that we will get involved with the Trump administration at the beginning of these issues. We have opened with them. Trump’s administration about this.
The United States imposes 27% of the rate of Indian goods
Washington has imposed a reciprocal rate with 27% discount on all Indian goods.
While announcing plans to sweep the “Liberation Day” rates, Trump had said that Prime Minister Narendra Modi is a great friend of his and had noticed that the United States had not imposed tariffs on India for many years.
“India very, very hard. The prime minister left and is a great friend of mine, but he is not treating us well. They charge us 52 percent and we do not charge them almost anything,” Trump said in the White event “in the Garden of Rosas.
Today early, the president of the United States also insinuated to announce tariffs for the pharmaceutical sector. Taxes will aim to encourage drug manufacturers to change operations to the United States, he said in an event organized by the National Committee of the Republican Congress.
(With agencies inputs)
