Mar 08, 2025 04:25 AM IST
US Commerce Secretary Howard Lutnick on Friday requested India to deliver down its ‘excessive tariffs’ as Washington goals to pursue ‘one thing grand’
US President Donald Trump on Friday stated that India has agreed to chop tariffs considerably as a result of he’s lastly exposing New Delhi for imposing ‘large tariffs’ on American imports.
“India costs us large tariffs. Huge. You’ll be able to’t even promote something in India. They’ve agreed, by the best way; they wish to minimize their tariffs method down now as a result of any individual is lastly exposing them for what they’ve executed,” ANI quoted Trump as saying.
That is the third time in as many days that Trump has remarked about India’s tariffs. His feedback come when India’s Commerce Minister Piyush Goyal is in Washington for commerce talks along with his US counterpart Howard Lutnick.
Additionally learn | India working to guard its exports amid US tariffs menace: Nirmala Sitharaman
MEA says US deal can ‘enhance commerce’
The ministry of exterior affairs spokesperson Randhir Jaiswal stated on Saturday that the deliberate Bilateral Commerce Settlement (BTA) with the US can probably enhance bilateral commerce between the 2 international locations.
“The 2 governments are within the technique of advancing discussions on a multi-sector Bilateral Commerce Settlement. Via the BTA, our goal is to strengthen and deepen India-US two-way commerce within the items and companies sector, enhance market entry, cut back tariff and non-tariff boundaries, and deepen provide chain integration between the 2 international locations,” stated Jaiswal.
Additionally learn | Agriculture key focus in early India-US commerce talks
Agriculture ‘has to open up’
Earlier on Saturday, Lutnick claimed that India’s tariffs on American merchandise are among the many highest globally and urged New Delhi to rethink its place, noting that the 2 international locations share a “particular” bilateral relationship.
Talking just about on the India At present Conclave, the commerce secretary careworn the necessity for India to open up its agricultural commerce for imports and instructed that it may be “smarter” whereas coping with probably the most “essential buying and selling associate” US on the opposite facet of the desk.
“The nice factor is your authorities really understands your market, and we perceive ours. And the bottom line is to attempt to discover that place. So sure, the Indian marketplace for agriculture, it has to open up,” Lutnick stated.
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