logo
logo
  • Home
  • About Tripura
    • Tripura
    • Governon
    • Chief Minister
    • Council of Ministers
  • Tripura
  • National
  • International
  • Lifestyle
  • Spotlight
  • Sports
  • Jobs/Tender
  • Photo Album

India agreed to cut tariffs way down, announces Donald Trump

By IBNS
Mar 8, 2025 ..

Washington/IBNS: US President Donald Trump on Friday announced that India has agreed to lower the tariffs on American exports amid the tension between the two countries over the duty since the Republican returned to the White House.


Speaking at the Oval office, Trump said, "India charges us massive tariffs, massive you can’t even sell anything in India. It's almost... it is restrictive. You know, we do very little business inside.

"They have agreed, by the way. They want to cut their tariffs way down now because somebody’s finally exposing them for what they have done."

The President made the remark at a time India's Commerce Minister Piyush Goyal is in the US to meet White House officials to talk on bilateral trade deals.

Goyal has already met his US counterpart and the governments of the two countries are set to discuss a multi-sector trade deal.

India's Finance Minister Nirmala Sitharaman on Thursday said India will prioritise its interest and negotiate with the United States on trade related issues in the backdrop of Donald Trump's announcement of reciprocal tariffs for all countries.

At an event in Visakhapatnam, Sitharaman said tariff is a "legitimate instrument" as per the World Trade Organization (WTO) framework but both the countries- India and the US- will safeguard their interests on the negotiating table.

Sitharaman said, "Tariff is a legitimate instrument, a country will levy... It is consistent with the WTO framework."

"Now, on the question of bilateral relationship with the country and the tariff discussions between the two countries are concerned, both will take care of their individual interests. We will keep India's interest on the top and negotiate with them," the Finance Minister added.

The President on Wednesday reiterated that the reciprocal tariffs will come into effect on April 2.

Analysts have warned that reciprocal duties could bring a broad tariff hike to emerging market economies such as India and Thailand, which tend to have higher effective tariff rates on US products.

Countries such as South Korea that have trade deals with Washington are less at risk from this move, according to analysts.

Though Trump is fond of Indian Prime Minister Narendra Modi, the US President has often called India a "very big abuser" on trade.

Even during a joint press conference with Modi in Washington earlier this month, Trump expressed his displeasure over the tariffs India levy on American goods.

Leave a Reply
Post comment
Related News
'I don't want you building in India': Donald Trump to Apple CEO Tim Cook
May 15, 2025..
'We are not Pakistani, we are Balochistani': Baloch leaders claim independence; urge India, UN for recognition
May 14, 2025..
IMF disburses $1.02 bn to Pakistan as virtual budget talks begin
May 14, 2025..
Taiwan detects 35 sorties of PLA aircraft, 8 PLAN vessels around its territory
May 14, 2025..
Saudi Arabia, Qatar welcome Trump with ceremonial aerial escort
May 14, 2025..
Newsletter

Subscribe For Northeast Herald News And Receive Daily Updates

logo

Northeast Herald starts its journey from Tripura state capital city Agartala to cover the entire Northeast region of India for the latest news, news photos, and the latest photos to promote the great cultural, historical and traditional identity of the region.

  • Twitter Icon
  • About Tripura
  • About Northeast
  • National News
  • Tripura News
  • International
  • Entertainment
  • Spot Light
  • Article Us
  • Health
  • Lifestyle
  • Top News
  • Sports
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookies Policy
  • Code of Ethic
  • Site Map
  • Rss Feeds

Copyright © Northeast Herald. All Rights Reserved