Washington DC: US President Donald Trump said that Washington is continuing trade negotiations with India.<\/p>\n
In response to ANI, if the US remains open to negotiating with India on the tariff front, Trump stated, \u201cWe\u2019re talking to them now. We\u2019ll see what happens. Again, India was the highest or just about the highest tariff nation in the world, one of the highest, 100 points, 150 points or percentages. So India was one of the highest in the world. They had 175 per cent and higher than that.\u201d<\/p>\n
After announcing a 25 per cent tariff and penalties for purchasing Russian oil, he emphasised that India is one of the countries imposing high tariffs on the US.<\/p>\n
He made the comments during a press conference at the White House, held to mark the signing of a Congressional bill.<\/p>\n
Earlier today, Trump, taking to Truth Social, announced a 25 per cent tariff on India in addition to a penalty for buying Russian oil. The tariffs will be imposed starting August 1, he further stated.<\/p>\n
\u201cRemember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,\u201d Trump stated in his post.<\/p>\n
\u201cAlso, they have always bought a vast majority of their military equipment from Russia, and are Russia\u2019s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE \u2013 ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST 1st. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!\u201d the post added.
\nThe US President, during the conference, further clarified the terms of the penalties imposed on India, noting New Delhi was part of the BRICS grouping and calling the alliance \u201canti-United States.\u201d He further accused the alliance of its \u201cattack on the dollar.\u201d<\/p>\n
\u201cWe\u2019re negotiating right now, and it\u2019s also BRICS. They have BRICS, which is basically a group of countries that are anti-United States, and India is a member of that, if you can believe it. It\u2019s an attack on the dollar, and we\u2019re not going to let anybody attack the dollar. It\u2019s partially BRICS, and it\u2019s partially the trade. This trade situation is a deficit. We had a tremendous deficit,\u201d Trump stated.<\/p>\n
He emphasised India-US ties, calling Prime Minister Narendra Modi a \u201cfriend,\u201d while noting the US trade deficit with India. He further noted that it \u201cdoesn\u2019t matter too much\u201d if the India-US deal reaches a certain tariff.<\/p>\n
\u201cAs you know, Prime Minister Modi is a friend of mine, but they don\u2019t do very much business in terms of business with us. They sell a lot to us, but we don\u2019t buy from them. You know why? Because the tariff is so high. They have one of the highest tariffs in the world. Now they\u2019re willing to cut it very substantially. But we\u2019ll see what happens. We\u2019re talking to India now,\u201d the US President said.<\/p>\n
\u201cWe\u2019ll see what happens. It doesn\u2019t matter too much whether we have a deal or whether we charge them a certain tariff. But you\u2019ll know at the end of this week. August 1st is a very big day for this country because money is going to pour into the United States like we\u2019ve never seen before,\u201d he added.<\/p>\n
This announcement follows an earlier move on April 22, when Trump imposed a 26 per cent tariff on Indian goods imported into the US, before later pausing those \u201creciprocal\u201d levies.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington DC: US President Donald Trump said that Washington is continuing trade negotiations with India. In response to ANI, if the US remains open to negotiating with India on the tariff front, Trump stated, \u201cWe\u2019re talking to them now. We\u2019ll see what happens. Again, India was the highest or just about the highest tariff nation […]<\/p>\n","protected":false},"author":1,"featured_media":13182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-13181","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-international"},"_links":{"self":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13181"}],"version-history":[{"count":1,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13181\/revisions"}],"predecessor-version":[{"id":13183,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13181\/revisions\/13183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/media\/13182"}],"wp:attachment":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}