Trump’s Big Claim in Business Agreement
US President Donald Trump claims that India has paid “zero charges” on US products. In the meantime, he expressed his dissatisfaction with the production of Apple in India, where he told the company that he did not want to make its production in India. There is talk of the trade agreement between India and the US, and is expected to be compromised in the coming days.
President Trump says, “It is very difficult to sell something in India. They provide us with contract. They are offering zero fees.” Trump is currently in the Middle East tour, said it in Qatar capital Doha. The US has imposed a 26 percent fee for India, but they have banned it for all countries for 90 days, and India also benefited from it – where Indian products are currently paying 10%.
India offers 60% fee tax to zero!
According to Reuters, India has paid zero fees up to 60% of the fare lines. In the first phase of the contract, the report stated that New Delhi has zero the fee of 60% of the fare lines, which is underway.
For example, India has come forward to prioritize about 90% of goods to be imported to the United States, and it also includes low fees-the US can sell its most products in India at cheaper prices.
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America can sell goods at cheaper prices in the United States!
According to the report, Reuters received this information from Indian government sources. This means that the US can send its products to India, and US products will be cheaper, where Chinese products are currently dominated. For example, if the US offers its 10 products to India, it will receive zero charges in its six products, and the remaining products will usually charge according to the standard contract. India hopes to be more trade, which can benefit for a long time.
What did Indian Foreign Minister Jaishankar say about the trade agreement?
External Affairs Minister S Jaishankar said, “Business talks are taking place between India and the United States. These are the complex conversations. Nothing has been decided until everything is fixed. Any business contract will be beneficial; it should be useful to both countries. This will be our expectation from the business contract.
