India Reax on Trump Tariff: Why India does not consider 27% tariff a setback
A senior official of the Indian government said that the impact of the 27% reciprocal tariff imposed by the US on India is being analyzed.
India Reax on Trump Tariff: US President Donald Trump created a stir in the world by announcing a series of tariffs on many countries on April 2. Discounted Reciprocal Tariff has been imposed on many countries including India and China. Now India has reacted to this tax by Trump. A senior official of the Indian government said that the impact of the 27% reciprocal tariff imposed by the US on India is being analyzed. The Commerce Ministry is analyzing it. Trump has kept the doors of talks open by calling this tariff concessional. A 27 percent tariff has been imposed on India instead of its 52 percent. With this, Trump has kept the possibility of talks with India open. While both countries are constantly in touch with each other on this matterr.
Trump created a stir in the world by announcing a series of tariffs
He said that the universal 10% tariff on all types of imports in the US will be applicable from April 5, while the remaining 16% tariff will be effective from April 10. The Commerce Ministry is analysing the effects of these tariffs. Also Read: As Waqf Bill will be introduced in Rajya Sabha, how NDA, INDIA bloc numbers stack up He said that there is a provision in it that if any country raises tariff related concerns with the US, then the Trump administration can consider reducing the tariff rate on that country.Trump's tariff is not a setback for India
Even though India is already negotiating a trade agreement with the US. The aim of both the countries is to finalise the first phase of this agreement by September-October this year.LIBERATION DAY RECIPROCAL TARIFFS 🇺🇸 pic.twitter.com/ODckbUWKvO
— The White House (@WhiteHouse) April 2, 2025