Dariff War: Trump said- India will hope to reduce its fees well, the deadline ends on April 2
There are negotiations on the fees between the US and India.
Trump TARRIF WAR: Its imported products and products, which need to be imported to the United States, will begin to charge from April 2 to 25 percent. Prior to this important day, US President Donald Trump has said that he has decided to reduce its fees on US products before April 2. Trump has announced April 2 as ‘Liberation Day’ (Import-Export). Trump said, “From countries that have been announced to impose fees, many countries are going to reduce their fees because these countries are paying a lot of fees on the United States.
The EU has reduced the fee by 2.5 percent
Trump said the EU had already reduced its fees by 2.5 percent. I heard that India is going to reduce its fees well. Trump describes India as the first ‘king’. After April 2, vehicles imported to the United States will be charged 25 percent. Earlier, the White House said India imposed 100 per cent fees on US agricultural products.
Indo-YUS
Trump has said that on April 2, he will announce a separate fee for products imported from other countries. The US president has said that if US president pays 50 percent of the US whiskey, he will impose 200 percent fees on alcohol from the European Union to the United States. He will pay higher fees for Indian goods as India has been imposed, and it is not yet clear. However, experts believe that there are negotiations between the two governments at the fee. A medium road came out and India had no ‘mutual fee’.
US share 18% of India’s exports
Speaking of the business of India and the United States, the United States was the largest business partner in India from 2021-22 and 2023-24. The US share of India in India is about 18 percent and 6.22 per cent of imports. India’s trade savings (import-export difference) with the United States in 2023-24 was $ 35.32 billion. According to Trump’s announcements, how much and what kind of fees can be imposed on Indian products, and it is not yet clear.
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