The Narendra Modi authorities on Friday stated that there was no imposition of country-specific, together with reciprocal tariffs by the US on India.
Whereas replying to a query within the Rajya Sabha, minister of state (MoS) for commerce and trade Jitin Prasada stated,”America has issued a Memorandum on Reciprocal Commerce and Tariffs on February 13, 2025, whereby the Secretary of Commerce and United States Commerce Consultant are to take obligatory actions to research hurt to the US from any non-reciprocal commerce preparations adopted by buying and selling Companions and supply a report with detailed proposed cures for every buying and selling Associate, based mostly on which, US motion in opposition to related buying and selling accomplice may, thereafter be undertaken beneath any of the related US legislations.”
US President Donald Trump has repeatedly criticised the excessive tariffs charged by India.
He has stated that India is a really high-tariff nation and reiterated that reciprocal tariffs on nations that impose levies on American items will kick in on April 2.
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“As of date, there was no imposition of country-specific, together with reciprocal tariffs by the US on India. There was the imposition of further duties on metal and aluminium imports by the US from all nations with none exemption,” he stated in a reply to a query by CPI(M) MP John Brittas.
“The impression of those duties that are an enhancement over present further duties, is being carefully evaluated as a consequence of the truth that there are not any exemptions as in comparison with exemptions earlier to sure main exporting nations in these sectors,” Prasada added.
The minister added that each the nations proceed to have interaction with one another to attain “enhancement and broadening of bilateral commerce ties in a mutually helpful and honest method.”
“Each nations launched a joint assertion on February 13, 2025, reaffirming their dedication to deepening financial ties. Underneath the formidable “Mission 500″, each nations goal to greater than double US-India commerce to USD 500 billion by 2030 to be achieved by deepening the commerce relationship throughout a number of sectors,” the minister added.
“Each nations have dedicated to barter a mutually helpful, multi-sector Bilateral Commerce Settlement beneath which the nations would deal with growing market entry, decreasing tariff and non-tariff limitations, enhancing provide chain integration and resolving key commerce points bilaterally,” he stated.
Trump says ‘superb relationship with India’, lists ‘one downside’
On Thursday, US President Donald Trump stated he has a “superb relationship” with India, however the “solely downside” he has with the nation is that it’s “one of many highest tariffing nations on the planet.”
“I’ve an excellent relationship with India, however the one downside I’ve with India is that they’re one of many highest tariffing nations on the planet. I consider they’re going to most likely be decreasing these tariffs considerably, however on April 2, we can be charging them the identical tariffs they cost us,” Trump stated.
