President Donald Trump announced on Wednesday the imposition of duty 25 % above all imports from India As of August 1.
According to Trump, the measure is accompanied by an additional penalty for the commercial ties of New Delhi with Russia, especially in the energy and military sector.
“Although India is our ally, over the years we have made relatively few businesses with them because their tariffs are too high, among the highest in the world, and have the most strict and unpleasant non -monetary commercial barriers in any country,” Trump wrote in his social truth network.
In his message, the president too questioned India’s relations with Moscow: “He has always bought the vast majority of his military equipment from Russia, and are the largest energy buyer in Russia, along with China, at a time when everyone wants Russia to stop the massacre in Ukraine.”
And added: “All this is not good!” Confirming that “from August, India will pay a 25% tariffplus a penalty for the above. ”
Trump, India and new tariffs
From his return to the White House in January, Trump has increased commercial pressure on traditional partners as part of his promise to obtain more favorable agreements for the United States, the agency said EFE.
The new tariffs – among 15 % and 50 % – would take effect on August 1, after the expiration of the truce granted by its administration.
The announcement represents a hard setback for India, which for months has tried to close a tariff agreement with Washington.
According to CNN, High officials from both countries have sustained intense negotiation rounds, but recent pacts between the United States with Japan and the European Union strengthened Trump’s position in the weeks prior to the expiration of the term.
“They are willing to get to some extent,” he told CNN A senior American official.
“But the president is not in mood for” to some extent ‘: he wants the barriers to be completely or as completely as possible. “
The director of the National Economic Council, Kevin Hasett, supported the decision from the White House:
“I think President Trump is frustrated with the progress we have achieved with India, but feels that a 25 % tariff will address and solve the situation in a way that is good for the American people.”
Hassett even went further when projecting that “over time, I suppose that Indian companies will transfer production to the United States, and even the Indians could open their markets more so that we will reconside our future exchanges.”
Trump also emphasized that the commercial deficit with India is “huge” And he reiterated that the United States is at a structural disadvantage in its economic relations with New Delhi.
The Indian government has not yet issued an official response to the ad.
