The Indian government said that it has “notcomitted” to slashing import duties on us products, days after president donald trump announced that new delhi had agreed to “Cut their tarifs wayed”, Reported by the time of India.
Trump has made global trade only weeks into his second term, targeting friends and fores alike.
He has also blamed all trading partners of “unfair” practices, and have Announced Reciprocal Tarifs on many countries, Including India, to Begin from Next Month.
Trump Once Again Railed at India’s “Massive Tarifs” Last Week.
“You can’t sell anything into India, it is almost restrictive,” Trump said.
“They have agreed, by the way, they want to cut their tariffs way down now because somebody is finally exposing them for what they have done,” He added.
But the Indian Government Told a Parliamentary Panel that “No Commitments Had Been Made to the Us on the issue,” a report in The Times of India Newspaper said tuesday.
The government “has sought time until September to address the issue that is being reepeatedly flagged by the American President,” It added.
India’s Commerce Secretary Sunil Barthwal “said that India and the us Working Towards a Mutly Beneficial Bilateral Trade Agreement, Focusing on Long-TRM TRAD COPEREAD OC Immediati Tarifs Adjustments ”.
India and the US are working towards a mutually beneficial bilateral trade agreement.
(This is a developing story)
