US President Donald Trump on Friday once more reiterated that India imposes big tariffs on the US and said that New Delhi has agreed to chop tariffs to enhance commerce relations. Hours earlier than Trump’s assertion, India mentioned that it was engaged on the Bilateral Commerce Settlement (BTA) with the US.
Talking to reporters on the White Home, Trump mentioned, “India prices us large tariffs. Huge. You may’t even promote something in India…They’ve agreed, by the way in which; they wish to minimize their tariffs method down now as a result of any individual is lastly exposing them for what they’ve executed.”
Trump had earlier focused India’s import duties in a speech to a joint session of Congress. Trump particularly focused India’s tariffs on car imports, saying, “India prices us auto tariffs greater than 100%.”
Talking to the media earlier on Friday, MEA spokesperson Randhir Jaiswal mentioned that India and the US are gearing as much as negotiate a landmark Bilateral Commerce Settlement (BTA) that would doubtlessly enhance commerce between the 2 nations.
Jaiswal mentioned that the settlement goals to strengthen and deepen India-US two-way commerce in items and companies, improve market entry, and cut back tariff and non-tariff limitations.
“The 2 governments are within the strategy of advancing discussions on a multi-sector Bilateral Commerce Settlement. By means of the BTA, our goal is to strengthen and deepen India-US two-way commerce within the items and companies sector, improve market entry, cut back tariff and non-tariff limitations, and deepen provide chain integration between the 2 nations,” mentioned Jaiswal.
The announcement comes after Prime Minister Narendra Modi’s go to to the US in February 2025, the place each side expressed curiosity in negotiating a mutually helpful, multi-sector BTA. Commerce and Industries Minister Piyush Goyal additionally lately met his US counterparts to advance discussions on the settlement.
