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The distance has increased due to tariffs between India and America. Meanwhile, a good news has come for the country. V. Anant Nageswaran, Chief Economic Advisor to the government, has made a big claim. He said on Thursday (September 18) that the US may soon remove 25 percent penalty tariff on Indian goods. Not only this, the recipe of India can also decrease.
‘Indian express‘ According to the report of Chief Economic Advisor Nageswaran said, ”Due to political conditions, 25 percent of additional tariffs were implemented, but given the events of the last few weeks, I estimate that the penult tariff will not be ahead from November 30.” He also said, ”I have no concrete evidence about this, but this is my guess. Both countries are looking for a way to reduce stress and in the first two days of the week, American negotiaters were in India.”
So will India only be charged 10 to 15 percent
The US had earlier imposed 25 percent tariff on India. After this, due to buying oil from Russia, 25 percent tariff was imposed on India. So India imposed a total of 50 percent tariff. If 25 percent of the penalty tariff is low then it will be reduced to 25 percent again. On the other hand, if the reciperook tariff is also reduced, then it will remain 10 to 15 percent. However, no official information has been received about this yet.
The conversation between India and America
Along with tariffs between India and America, talk could not be made on the trade deal, but now the matter has started once again. American representatives recently did India. During this, there was a conversation about trade in Delhi. This conversation was said to be positive for both countries. Therefore, it is expected that there can be talk on trade agreement and tariff between the two countries.
These sectors were the most affected due to tariff
There is a large market of America for India’s exports, but exports have reduced due to tariffs. This has affected the sector of Textiles and Garments, James & Jewelery, Kemilkal, Leather Goods and Seafood.
