Trump claims India has agreed to cut tariffs: ‘Somebody is finally exposing them’

US President Donald Trump on Friday mentioned that India has agreed to chop tariffs considerably as a result of he’s lastly exposing New Delhi for imposing ‘large tariffs’ on American imports.

“India expenses us large tariffs. Huge. You possibly can’t even promote something in India. They’ve agreed, by the way in which; they wish to minimize their tariffs approach down now as a result of someone is lastly exposing them for what they’ve achieved,” ANI quoted Trump as saying.

That is the third time in as many days that Trump has remarked about India’s tariffs. His feedback come when India’s Commerce Minister Piyush Goyal is in Washington for commerce talks along with his US counterpart Howard Lutnick.

Additionally learn | India working to guard its exports amid US tariffs menace: Nirmala Sitharaman

MEA says US deal can ‘increase commerce’

The ministry of exterior affairs spokesperson Randhir Jaiswal mentioned on Saturday that the deliberate Bilateral Commerce Settlement (BTA) with the US can doubtlessly increase bilateral commerce between the 2 nations.

“The 2 governments are within the strategy of advancing discussions on a multi-sector Bilateral Commerce Settlement. By the BTA, our goal is to strengthen and deepen India-US two-way commerce within the items and companies sector, enhance market entry, scale back tariff and non-tariff obstacles, and deepen provide chain integration between the 2 nations,” mentioned Jaiswal.

Additionally learn | Agriculture key focus in early India-US commerce talks

Agriculture ‘has to open up’

Earlier on Saturday, Lutnick claimed that India’s tariffs on American merchandise are among the many highest globally and urged New Delhi to rethink its place, noting that the 2 nations share a “particular” bilateral relationship.

Talking nearly on the India As we speak Conclave, the commerce secretary careworn the necessity for India to open up its agricultural commerce for imports and instructed that it may be “smarter” whereas coping with probably the most “essential buying and selling associate” US on the opposite aspect of the desk.

“The great factor is your authorities actually understands your market, and we perceive ours. And the bottom line is to attempt to discover that place. So sure, the Indian marketplace for agriculture, it has to open up,” Lutnick mentioned.