India says it has not committed to slashing import duties on US produc….

India says it has not committed to slashing import duties on US products. President Donald Trump announced last week that New Delhi had agreed to \”cut their tariffs way down\” But the Indian government told a parliamentary panel that \”no commitments had been made to the US on the issue\” The United States is a crucial market for India’s information technology and services sectors. Washington has made billions of dollars in new military hardware sales to New Delhi in recent years. The US president could visit India later this year for a summit of heads of state from the Quad — a four-way grouping of Australia, India, Japan and the United States. He has also blamed all trading partners of \”unfair\” practices, and has announced reciprocal tariffs on many countries, including India, to begin from next month. The Times of India newspaper said that India and the US were working towards a mutually beneficial bilateral trade agreement, focusing on long-term trade cooperation instead of merely seeking immediate tariffs adjustments. The Indian government \”has sought time until September to address the issue that is being repeatedly flagged by the American president,\” it added.

Leave a Comment