A senior government official said on Thursday that the Ministry of Commerce is analyzing the impact of 26 percent mutual tariff or imported duties imposed by the US.
According to the official, universal 10 percent tariffs will be applicable to all imports in the US from April 5 and the remaining 16 percent from April 10.
“The ministry is analyzing the impact of the declared tariff,” the official said, there is a provision that if a country will address the concerns of the US, the Trump administration can consider reducing duties against that nation.
India is already negotiating a bilateral trade agreement with the US. The two countries aim to finalize the first phase of the treaty by this year’s fall (September-October).
“This is a mixed bag and not a shock for India,” the official said.
The US President listed the high tariffs charged by India on American products as he announced a mutual tariff on countries across the board, announced 26 percent “concessional” mutual tariffs on India.
“This is liberation day, a long -awaited moment. 2 April 2025 will be remembered forever because the day the US industry was reborn, the day the fate of America was reclaimed, and the day we begin to make America rich again. Things.
As he announced the tariff, he organized a chart, which shown the tariff that these countries will now have to pay with countries such as India, China, UK and European Union as well as mutual tariffs.
The chart indicated that India charged 52 percent tariffs, including currency manipulation and trade barriers, and the US will now charge India with a 26 percent concessional mutual tariff.
“India, very, very difficult. Very, very difficult. The Prime Minister left just a great friend of mine, but I said, you are a friend of mine, but you are not treating us properly. They charge 52 percent fees from us …” he said.
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