The US has imposed a 50% tariff on imported goods from India. Donald Trump’s advisor Kevin Haset has warned that if India does not stop buying crude oil from Russia, Trump will not be soft.
Us tarifs on india: In the US, 50% tariff has been implemented on goods coming from India. US President Donald Trump’s top economic advisor Kevin Haset has warned India. It is said that if India did not stop buying crude oil from Russia, then Trump will not soften the stance on Indian imports.
Kevin Haset, director of the US National Economic Council, described talks with India as complicated. He said that India is adopting a stubborn attitude in opening its market for American products. They said,
If Indians do not bow down, I do not think President Trump will bow down.
America imposed 50% tariff on goods coming from India
Donald Trump had earlier imposed 25% tariff on imports from India. Later, asking to buy crude oil from Russia, he applied 25% additional tariffs. This made the tariff on Indian goods 50 percent. This has come into effect from Wednesday. Trump has imposed the most tariffs on India and Brazil.
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India does not want to open its market for American products
Haset said that business talks with India are “complex”. India is adopting a stubborn attitude in opening its market for American products. He claimed that the pressure we are putting on Russia is to ensure peace agreement and save millions of people.
America is pressurizing by putting tariffs for business agreement
The trade agreement is being negotiated between India and the US. The US wants India to open its agriculture and dairy sector, but India is not ready. India is also not ready to import products made of American non -veg milk. Due to these things, talks on trade agreement are not moving forward. In such a situation, America has put pressure on India by putting tariffs.
Trump’s advisor matches the previous statements of US Finance Minister Scott Besant. Besant had said that high tariffs on India are “not only due to the purchase of Russian oil by India, but also due to the long term of the ongoing trade agreement negotiations.
Also read- To increase domestic demand from new market discovery for export, how India will reduce the loss with Trump’s tariff
What is India’s stand on American tariff?
India has said that it is ready to stand firmly against US pressure. PM Narendra Modi said that he would “never compromise” the interests of farmers and cattle rearers of the country. In Gujarat on 25 August, Modi said,
No matter how much pressure comes, we will increase our strength to withstand.