In particular, the house panel in foreign affairs has been chaired by Congress Lok Sabha MP Shashi Tharoor. During the meeting, leaders of various political parties are learned to raise questions on the mutual tariff declared by the US.
Trump has indicated the implementation of mutual tariffs on various countries including India from April. However, no official announcement has been made so far.
Leaders participating in the parliamentary panel meeting demanded the potential effects of tariffs on Indian industries and India’s possible response to the US in such a scenario.
The committee also collected information whether there has been any discussion between India and the US regarding this issue.
Trump said on Friday that India had indicated its readiness to cut deep tariffs, as they pressurized the country to reduce trade obstacles that they had wrongly punished American businesses.
“They agree – by the way, they want to reduce their tariffs now,” Trump said on Friday, commenting on the US economy. India accuses a “large -scale tariff”, which means that the US “does very little business,” he said.
A potential bilateral trade agreement between India and the United States made its way to the joint statement issued after Prime Minister Narendra Modi’s meeting with Trump in February. As part of BTA, both nations have agreed to increase trade by $ 500 billion by 2030.
(Tagstotransite) US tariff (T) Effect of Trump Tariff
