US Tariff: America also admitted that india is not going to bow down; Trump's Finance minister got irritated, said - They are a bit stubborn
The US government may have announced a huge tariff on india, but they are still struggling to make a trade agreement with India. However, india is adamant on its terms. This has caused irritation in America, which is visible from the statement of the Finance Minister there.
US President donald trump has imposed a huge tariff on India. However, America still hopes that it can make a trade agreement with India. US Finance minister Scott Besant gave such indications in one of his statements. He also admitted that India's attitude towards trade talks is a bit stubborn.
Scott Besant said on tuesday that india is adopting a stubborn attitude in trade talks with America. It is worth mentioning that just a few days ago, US President donald trump announced that impose an additional 25 percent tariff on india, citing oil purchases from Russia. Even before this, trump had announced that impose a 25 percent reciprocal tariff on India. In this way, America has imposed a tariff of 50 percent on India. The additional 25 percent tariff will come into effect from august 27.
During a program, Scott Besant said that some big trade deals, including those with switzerland and india, are still to be done or agreed upon. He expressed hope that the tariff talks will be completed by October. He said that talks are going on with Switzerland. india has been a little stubborn. I think we have agreed on the terms of the trade agreement with all the big countries. The US Finance minister said. Tariff talks will be done by October. He said, 'I think we are in a good position.'
America is demanding that india open its dairy and agriculture sectors under the trade agreement, but india is not ready for this. The reason for this is that there are crores of small farmers in our country, and they will not be able to compete with the agricultural sector of America. In such a situation, if the agricultural sector is opened for America, then a big problem will arise for these crores of farmers and cattle rearers.
On august 6, US President trump signed an executive order imposing an additional 25 percent tariff on imports from india, taking the total tariff on india to 50 percent. The US has imposed this tariff on the US for buying oil from Russia. However, india opposed it and called this tariff unfair and irrational. The indian Foreign Ministry made it clear that india will take all necessary steps to protect its national interests.
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