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India-US Trade Deal: The ongoing tariff dispute between India and America is getting deeper. Meanwhile, Donald Trump has said that there will be no trade talks with India under the current circumstances. During a press conference at the White House on Thursday, ANI asked Trump whether he expects the trade talks to move forward after the announcement of imposing 50 percent tariff on India? Donald Trump replied to this question – no. Trump said, “Until we resolve this, the trade talks between India and America will not move forward.”
America imposed 50 percent tariff on India
Let us tell you that Donald Trump had announced a 25 percent tariff on India on July 30 last month. Along with this, he had said that India buys large quantities of crude oil and military equipment from Russia, for which India will be fined separately. After which, Trump announced an additional 25 percent tariff on India for trading with Russia on August 6. After which the total tariff imposed by America on India increased to 50 percent. Donald Trump has also talked about imposing secondary sanctions on India.
PM Modi’s strict message on Donald Trump’s action
After America imposed 50 percent tariff on India, PM Modi said that India will not compromise with the interests of its farmers. Prime Minister Narendra Modi said in a program organized in Delhi on Thursday that the interest of farmers is India’s top priority. PM said that India is not compromising with the interests of farmers, fishermen and Will never compromise on the interests of people associated with the dairy sector. PM Modi said in the conference, “If I have to pay the price to protect the interests of farmers, then I am ready for it.”
India will not bow down to America
Let us tell you that America has been demanding entry into India’s agriculture and dairy sector since the beginning of the trade talks. But India had already told America in clear words that it will not make any compromise for the agriculture and dairy sector. India had already made it clear to America that it will not give them any concession in the agriculture and dairy sector.
There is a situation of tension between India and America. President Donald Trump had first imposed a 25 percent tariff on India, but after this he imposed another 25 percent tariff. This way the total tariff became 50 percent. Journalists asked Trump about talks with India. According to Reuters, in response to this, Trump showed a tough attitude and said that there will be no talks until the issue is resolved.
Trump has imposed the highest tariff on India and Brazil. Both these countries are almost ready to bear the burden of 50-50 percent tariff. Trump was asked whether the talks with India regarding the trade deal can be expedited now. In response to this, Trump said, no, “There will be no talks until we resolve this issue.” Why is the India-America trade deal stuck?
Trump was putting a lot of pressure on India regarding the trade deal. He wants India to make an agreement on agriculture and dairy sector. The Indian market should be opened for American dairy products, but India is not ready for this. It has given a clear message on this matter. Prime Minister Narendra Modi said on Thursday (7 August) that farmers come first for the country. There will be no compromise on issues related to them.
Why is Trump showing a tough attitude towards India?
Trump’s anger started with the trade deal and after that he started showing a tough attitude by naming Russia. The Trump government said that India buys oil from Russia, Trump is angry with this. America says that Russia is using its money for war.
