India charges more than 100 percent on many products - Trump
US President (Donald Trump) has repeatedly called India as Tariff King, who makes a lot of tax on American products.
Washington: US President Donald Trump has said that India is charging more than 100 percent of a large number of American products. Donald Trump asked his administration to look at such a foolish business. One day before, Trump had criticized India, calling it the world's most taxing country. US President (Donald Trump) has repeatedly called India as Tariff King, who makes a lot of tax on American products. Saturday, Saturday in Las Vegas, said that there is a case where India is charging us a very high fee. Great country, a great friend, Prime Minister (Narendra) Modi is charging more than 100 percent of us for many things. They claimed that there was no charge being taken by America on such products of India.
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India charges more than 100 percent on many products - Trump |
It is worth noting that before the United States of America was seen standing in front of India (India) on the terror attack in Pulwama and on the air strikes on terrorist bases in Pakistan, But there was a big setback to prepare. Its signals are given by American President Donald Trump himself. He had created a new hustle in the global economic corridor by giving a statement related to the removal of India from the Generalized System of Preferences (GSP) in the trade. Trump had reported this to the US Parliament, or Congress, by writing a B-letter letter. If this happened really, then a duty-free entry for the Indian products worth 5.6 billion dollars in the US market is closed. Will be done. It will be a big economic blow. Trump had said on Monday that he intends to eliminate duty-free treatment for India. It was being told that if the partnership ends under GSP, it would be the biggest action against India since Donald Trump assumed the position of US President in 2017.
Indeed, Donald Trump, who vowed to reduce the American trade deficit, believed that India was not cooperating with the US in terms of business. The reason India is recovering a huge tax on American products. Trump has said this many times and many have said this in the forum. He believed that India is a country which imposes more tariff on American products. In response, they also thought of stopping duty-free entry into the US market of Indian products. Trump said that I am taking this step because India has not given the assurance to the US even after an intense engagement that it will provide equal and fair access to the Indian market.
The US Trade Representative Office had said that the decision to exclude India from GSP can be enacted only through the Presidential declaration. According to the US Trade Representative Office, in 2017, the trade deficit of US goods and services with India was $ 27.3 billion. Say that India is one of the major countries in the world to make profits under the GSP program. If GSP's involvement ends, it will be the biggest punitive action of Donald Trump, who took office in 2017. (Input-Agence France Presse)
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