'Will take necessary step in the national interest', Government's first reaction on US tariff
US President Donald Trump on Wednesday announced a 25 percent tariff on Indian products and it will be effective from August 1. Trump announced this on his social media platform Truth Social. The first reaction of the Indian government has come to the fore on this.
India America Trade Deal
America has announced a 25 percent tariff on India. Today US President Donald Trump gave this information through a post on Social media. In his post, Trump also mentioned India's military trade with Russia. Trump even wrote that India will have to pay a fine. There is talk of a stir in India's business world due to Trump's tariff. Many opposition MPs as well as heads of many trade organizations have also given their reaction on this.
Also Read: Defense trade between India and Russia, which irritated Donald Trump... imposed 25% tariff
Meanwhile, the first reaction of the Indian government on the US tariff has come to the fore. Meanwhile in a press note released by the Ministry of Commerce and Industry of the Government of India, it was said that government is studying its interests in this .
'Government is studying its interests'
The Indian government has taken note of the US President's statement on bilateral trade. The government is studying its implications. Even though Indian government and the US government have been negotiating a fair, mutually beneficial bilateral trade agreement for the last few months. We are committed to this objective.
Also Read: Tariff on India: America imposed 25% tariff on India, also announced to collect penalty
Will take every necessary step to protect national interests'
The government attaches supreme importance to protecting and promoting the welfare of its farmers, entrepreneurs and micro, small and medium enterprises (MSMEs). The government will take all necessary steps to protect our national interests, as has been the case with other trade agreements including the latest Comprehensive Economic and Trade Agreement with the UK.
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