US Finance Minister Scott Besant has said that India and America will work together. Donald Trump and Narendra Modi have good relationships. America has a major trade deficit with India. India puts a lot of tariffs.
Donald Trump Tariffs on India: The 50% tariff imposed on India by US President Donald Trump came into force on 27 August. Meanwhile, Trump’s associate and US Finance Minister Scott Besant said of bilateral relations with India that they are “complex”, but expressed confidence that the two countries would come together “finally”.
India is earning profits from Russia purchasing crude oil
In an interview to Fox Business, Besent said that he hoped that there would be a trade agreement with India by May or June. He said that New Delhi’s stance in the talks was “protesters”. This was different from his previous comments, when he said that India was “a little non -cooperative” during the talks. Besent said,
Soon after Liberation Day, the Indian came to talk on tariffs. It was started, but no agreement has been reached yet. I thought we would make an agreement by May or June. I felt that India could be included in our early deals. He supported us in the matter of conversation. There is also an aspect of procurement of crude oil from Russia, on which they are earning profits.
India and America will come together
Highlighting the relationship between PM Narendra Modi and Trump, Besant said, “This is a very complex relationship. There is a very good relationship between PM Modi and Trump. I believe that India is the largest democracy in the world and America is the largest economy in the world. I think we will eventually come together.”
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Besant said that America has a big trade deficit with India. New Delhi imposes “too much” tariffs on American goods. He said, “America is a loss country. When there is a rift in business relations, the country with loss remains in profit. A country with a profitable is to do. Indians are selling goods. Their tariffs are very high and we have a huge loss with them.”
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