Donald Trump: In a statement given a day ago, Trump said, ‘From economic, financial and trade point of view, our country has been cheated by every country in the world.’ Canada, Mexico and then you go straight in the line. India imposes very high tariffs on us.
India America Relation: Economic think tank GTRI (Global Trade Research Initiative) said that India should withdraw from all types of talks with America. Also, it should prepare for talks with the Trump administration in the same way as China and Canada are doing. Ajay Srivastava, founder of Global Trade Research Initiative (GTRI), said that America is putting heavy pressure on India to accept such trade demands which are largely in favor of American interests. He said that US President Donald Trump and his officials have mostly criticized India using wrong data.
GTRI Report ‘Trump’s Reciprocal Tariffs and India’ download
‘Trump is insulting India with wrong figures’
Srivastava said, ‘Trump is publicly insulting India with wrong figures. In such circumstances, a balanced result is not possible in any way. India should withdraw from any such talks and prepare to deal with them like other countries.’ China and Canada have announced countermeasures against US tariffs.
Trump claims, India agreed to reduce duty on US imports
Trump claimed that India has agreed to reduce duty on US imports. Shrivastava said, ‘India’s silence on this is surprising and India needs to respond with facts. The whole world is seeing that Trump and his officials are insulting India every day.’ US Commerce Minister Howard Lutnick has said that India needs to open its agricultural market.
What did China and Canada do?
In the past few days, America has talked about imposing tariffs on China, Canada, Mexico and India. Trump had asked for a 20 percent tariff on China and a 25 percent tariff on Canada. Apart from this, he had asked for a reciprocal tariff on India. After this announcement made by Trump, China and Canada retaliated. Canada has imposed tariffs on US imports worth 30 billion Canadian dollars. Apart from this, an additional surcharge of 25 percent has been imposed on American products. Apart from this, China has imposed the same tariff on American products as America has imposed on Chinese products.
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