High level meeting is held today on India's strategy regarding US tariff, PM Modi can take a decisive step

The US has officially started with rates on dozens of countries, including India. At the same time, Prime Minister Narendra Modi will present an important cabinet meeting at 13:00 today, which will assess the impact of recent heavy tariff growth on Indian exports by the US. Some important decisions can also be made in this meeting. The US has decided to increase the tariff on India by 50 percent. This step was taken amid growing trade tensions between the two countries to the US decision to increase the tariff on Indian goods by 50 percent. India’s strategic response to US actions is expected to be discussed in this meeting. The White House said that more than 60 countries from more than 60 countries and the European Union will be targeted 10 percent or more from Thursday midnight. These countries will also have tariffs on products coming from the European Union, Japan and South Korea, while imports from Taiwan, Vietnam and Bangladesh will be taxed at 20 percent tax. Trump also hopes that countries such as the European Union, Japan and South Korea will invest billions of dollars in the US. An American Trade Association warns Trump. The new tariff on Indian goods will also affect the kitchen of Americans. The reason is that the new rates expensive the spices imported from India, which will increase the price of food and drink. A Vanduurbond on Wednesday warned that many spices used by domestic kitchens, restaurants and large manufacturers were imported from India and the 50 percent tariff imposed by President Donald Trump on India could increase their price. According to the US Department of Agriculture, the US imported spices imported more than $ 41 million from India last year. The US is determined about agricultural and dairy products, following the ongoing Bilateral Trade Agreement dialogue between India and the US and the announcement of rates by the Trump administration, Premier Modi’s statement is considered very important. Indeed, agricultural and dairy products appear to be a major obstacle in bilateral conversations between India and the US. The US is determined about the opening of the Indian market for its agricultural and dairy products. Share this story -tags