New Delhi: Us President Donald Trump on Friday Claimed that India has agreed to cut down tariffs adding that “somebody is finally exposed them for what they have done.” Earlier Today, The Ministry of External Affairs Had Addressed The Tariff Threat But Made No Comments on Whtherres there was any decision on reduction the charges.
“India Charges Us Massive Tariffs. Massive. You can't even sell anything in India … they have agreed, by the way; What they have done, “He said.
This comes amidst reports of Tesla Eyeing Zero Tariffs as it is set to enter Indian markets in the coming months. India Currently Imposses Vehicle Import Duties of Up to 110%, A Rate Tesla Ceo Elon Musk has condemned as amon the highest in the world. The steep tarifs previous Led Tesla to ABandon its plans to enter India's automobile market, which ranks as the third-largest globally.
Justifying the tariff threat being left on canada, china, mexico and India, set to take effect from april 2, trump said, “our country has ben ripped off by everything and that stops Stopped in my first term and we're going to really stop it now has been very unfair. Absolutely ripped off by almost every country in the world. “
India has resolved to a cautious route in the trade war, while canada, china and mexico have gone all out with slapping reciprocal tarifs on the us and filing complaints with the world trade organisation.
“The two governments are in the process of advancing discusses on a multi-sector bilateral trade agrement. Services Sector, Increase Market Access, Reduce Tariff and Non-Tariff Barriers, and Deepen Supply Chain Integration Between the Two Countries, “The Mea Spokeson Randhir Jaiswal SAID.
(Tagstotranslate) India
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