Big update on Indo -US trade agreement, Finance Minister made this big statement – Cross Talk India

America Finance Minister Scott Besant has expressed the hope that India may be the first country to avoid the counter -duty of President Donald Trump which will make bilateral trade agreement with us. The US imposed a 26 percent fee on India, but was later postponed for 90 days. This period is scheduled to end on 8 July. However, like other countries, 10 percent of tariffs are applicable under the current policy on India. According to the New York Post, Besant said on Wednesday that the trade agreement with India is ‘very close’ to successfully conclude. The reason for this is not the most populous country in the world.

It is very easy for America to compromise with India

Finance Minister Besant said at an event during the annual meeting of the World Bank and the International Monetary Fund, “Non-tariff trade barriers are low in India. Also, it is also clear that there is no disturbance at the currency level, there is a government subsidy, but it is very less. So it is very easy to compromise with India. ”According to the New York Post, President Trump has demanded that other countries remove their tariffs and non-tariff barriers on American goods and end the US trade deficit.

Urge to buy more American energy and military hardware from India

Earlier, on Tuesday, US Vice-President JD Vance in Jaipur urged to ‘rich and peaceful’, while presenting a comprehensive blueprint of strong relations between the two countries for the 21st century, urged to remove non-tariff barriers from India, reach out to their markets and buy more US energy and military hardware. The newspaper, citing official figures, said that by February, India’s share in imported goods in the US was around 3 percent. According to the US Trade Representative Office, the US trade deficit with India in 2024 was $ 45.7 billion.

With PTI inputs

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