India is expected to get very good news from America soon. Government’s chief economic advisor Anant offseran said on Thursday that the US could soon remove 25% fine tariffs on Indian goods. Not only that, America can also reduce mutual rates on India from the current 25% to 10 to 15%. If this happens, it will be double the good news for India, and the demand for Indian products in America will increase again. Additional tariff removal and decrease in mutual rates will also increase India’s exports to America. Negotiations between India and the US are still talking about trading. Nagswaran said New Delhi and Washington continue their negotiations for trade agreements and hope that the tariff issue will be resolved within 8-10 weeks. Remarkable is that trade talks were held between US representatives and Indian representatives in Delhi on Tuesday. In a conversation that lasted about 7 hours, there were constructive discussions between the two countries. Although the meeting was not official, this meeting is expected to be a trade agreement between the two countries soon. These areas are most affected. Currently, about 55 percent of India’s exports to the US are under a high rate. The most affected areas include textile, chemicals, seafood, gemstones and jewelry and machinery. US exports dropped to $ 6.87 billion in August, which is a 10 -month low. America is the largest export market in India. The US remains the largest export market in India, which has a 20% stake in total exports. In FY 2024-25 (April-March), India exported goods worth $ 86.51 billion to the US and maintained a $ 40.82 billion trade surplus. The withdrawal of punishment tariffs will provide great relief to Indian exporters and bilateral trade relations will be established after months of economic stress. Trump himself explained why rates were imposed on India. Vladimir Putin spoke at a press conference with British Prime Minister Kir Starmer, Trump, Trump, while answering a question about Russian oil sales, that if global oil prices drop, the war would end. He said that if oil prices drop, Russia would be compromised. I put rates on India to stop war in Ukraine. Trump said: I am very close to India. US President Donald Trump said I am very close to India. I am very close to PM modes. I talked to him and wished him a happy birthday. We have very good relationships. Share this story -tags
Trump rates will end with trade transaction! Trading conversations between India and America started in Delhi
