‘Trump is disappointed with trade talk with India’, the advisor revealed; Is 25% tariff unilateral

US President Donald Trump is ‘disappointed’ with the ongoing trade agreement with India. Trump believes that this situation will soon be cured by imposing 25% import duty (tariff) on India. He has announced to make this tariff effective from August 1. This decision has been taken at a time when the interim trade agreement between the two countries could not be made before the deadline. White House Economic Advisor Kevin Haset said this to news agency Reuters.

What did Kevin Haset say?
According to a report by the news agency Reuters, Kevin Haset said, ‘I think President Trump is disappointed with the slow pace of trade talk with India, but he is confident that 25% tariffs will improve the situation and it will be beneficial for the American public. Trump and US trade representative Zamison Greer will soon share more information about the extra penalty which the President has announced ‘. In fact, Trump has also announced a fine by India for the purchase of oil and weapons from Russia.

What is the hindrance in Indo-US trade talks?
India’s strictness remains a major hurdle over opening agriculture and dairy areas in the ongoing business talks between India and America. The attitude of the Government of India is clear that it will not compromise with the interests of its farmers and dairy sector. The business agreement has not been agreed on this issue. US officials will visit India in late August, in which the sixth round of trade talks is expected to be held.

India’s response – no agreement with national interest
The Ministry of Commerce and Industry of India has said that the possible effects of tariffs imposed by the US are being studied. The ministry also clarified that India will not compromise on the national interest to finalize the trade agreement with the US.