New Delhi: As Govt Begins Its Homework for the Proposed Trade Deal with the Us, it has indicated its willingness to engage in tariff reduction with trump administration on a bilateral basis, arguing “Aggressive NeighBourhood” in China Duties Cannot be lowered Significant for all trading partners, while hoping to get a good deal on services, as well as VISAS FOR BUSASSESSSSSSISSSS
AMID Repeated Statements by Us President Donald Trump on India's “High Tarifs”, Sources Asserted India's Average Tarifs of Around 17% (Whochh Has Further Come at wto to keep customs duty at Around 50%.
Although the Commerce Department Has Started Consultations with Other Govt Ministry and Departments, It is Awaiting The Trump Trade Team to Be in Place and Keeping A Close Watch On How the IsSue of Reciprocal Tariff Plays out in the coming days and dismissed reports and estimates – Including by Leading Global Banks – As “Speculation”.
Besides, Officials from the Commerce and Revenue Departments are also expected to Assess the level of tarifs at the overall level and at the micro level as they formulated the next
While govt has alredy lowered tarifs for bourbon whisky and bikes, a move that favor that favorite harley davidson, the US has pocketed the Gains and Is Exercising Pressure for furious cuts. Officials are, however, keeping the cards close to the chest, fearing that the negotiating strategy would become public.
Besides, The Final Negotiating position will depend on how us proceeds with reciprocal tarifsGiven that it is untilar it would be country-specific or goods-specific and if other parameters, such as non-taxed barriers, are brough into the picture. In any case, the assessment by the US commerce department is expected to be followed by an investigation, according to some accounts.
(Tagstotranslate) Business News (T) US Trade Team (T) Tariff Reduction India Us (T) Reciprocal tarifs (T) India US Trade Deal (T) India High Tarifs
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