America President Donald Trump has said that the trade agreement with India is very close. The President said that his administration has started sending a letter to several countries giving information about the tariff to be implemented on imported products. Trump said on Monday, “We have entered into an agreement with Britain, we have entered into an agreement with China and we are close to a compromise with India.” With this, Trump said, “We also met others and we don’t think we will be able to compromise, so we have sent them a letter. If you want to send your goods to America, you have to pay the tariff. ”Let us tell you that the trade agreement between India and the US is almost complete and the final deal can be announced soon.
America extended high tariff suspension till 1 August
Trump’s statement came at a time when the US administration has increased the suspension of high tariffs imposed from July 2 to 1 August from 9 July. This has given India an additional 3 weeks to finalize the trade agreement with the US. Commerce and Industry Minister Piyush Goyal said last week that India does not make any trade agreement on a deadline and accept the agreement only when it is fully finalized, appropriately endowed and will be in national interest.
The situation regarding agriculture and dairy sector is not clear
Agriculture and dairy sector are difficult and challenging for India to give the US concessions in tariffs. India has not opened the doors of dairy sector in any of its free trade agreement signed so far. Meanwhile, the Trump administration on Monday sent a letter to different countries, which details the tariff imposed by the US on the goods of those countries. Trump said, “We are sending letters to various countries telling how much he will have to pay.”
America sent a letter to these countries
Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People’s Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand and Tunisia have been sent letters signed by Trump. Trump said, “These countries are ‘looting’ to America and we are putting such tariffs on us which no one has ever put. There are also some countries which are levying 200 percent and making business impossible. ‘
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