No Immediate Tariff Relief for India as US Trade Mission Concludes
The US trade mission to India concluded without immediate tariff relief. India faces potential retaliatory tariffs due to its trade surplus and protectionist policies. Both nations discussed progressing towards a Bilateral Trade Agreement, but no immediate actions were proposed ahead of upcoming US tariffs.
The recent conclusion of a US trade mission has revealed no immediate relief from tariffs imposed on India, a continuation from the Trump administration’s policy that commenced on April 2. India’s burgeoning trade surplus with the United States, coupled with its protectionist measures, places it at risk of retaliatory tariffs from the US government.
In conclusion, while the dialogue between India and the US has indicated a potential pathway towards a bilateral trade agreement, tangible progress remains elusive. With new tariffs set to take effect imminently, India’s readiness to modify import levies appears inadequate. As both nations navigate these trade tensions, the focus remains on achieving a mutually beneficial resolution by 2025.
Original Source: m.economictimes.com
Post Comment