New Delhi:
India says it has not dedicated to slashing import duties on US merchandise, days after President Donald Trump introduced that New Delhi had agreed to “lower their tariffs means down”.
Solely weeks into his second time period, Trump has upended world commerce, focusing on pals and foes alike. He has additionally blamed all buying and selling companions of “unfair” practices, and has introduced reciprocal tariffs on many international locations, together with India, to start from subsequent month.
Trump as soon as once more railed at India’s “massive tariffs” final week.
“You possibly can’t promote something into India, it’s virtually restrictive,” Trump mentioned.
“They’ve agreed, by the best way, they wish to lower their tariffs means down now as a result of somebody is finally exposing them for what they’ve performed,” he added.
However the Indian authorities informed a parliamentary panel that “no commitments had been made to the US on the difficulty,” a report in The Times of India newspaper mentioned Tuesday.
The federal government “has sought time till September to handle the difficulty that’s being repeatedly flagged by the American president,” it added.
India’s commerce secretary Sunil Barthwal “mentioned that India and the US had been working in the direction of a mutually useful bilateral commerce settlement, specializing in long-term commerce cooperation as an alternative of merely looking for rapid tariffs changes”.
Prime Minister Narendra Modi, who visited the White Home final month, has an acknowledged rapport with Trump, who mentioned he shares a “particular bond” with the Indian chief.
PM Modi mentioned the world’s largest and fifth-largest economies would work on a “mutually useful commerce settlement” to be sealed “very quickly”.
Whereas the USA is an important marketplace for India’s info know-how and companies sectors, Washington has made billions of {dollars} in new navy {hardware} gross sales to New Delhi in recent times.
Trump may go to India later this 12 months for a summit of heads of state from the Quad — a four-way grouping of Australia, India, Japan and the USA.
(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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