“I believe so,” Trump instructed reporters Tuesday when requested if that was a attainable tariff price for New Delhi.
“India has been an excellent buddy, however India has charged principally extra tariffs than nearly some other nation,” Trump mentioned aboard Air Power One as he returned to Washington from a five-day go to to Scotland. “You simply can't try this.”
The president was commenting forward of an Aug. 1 deadline when a slew of so-called reciprocal tariffs are set to take impact on dozens of buying and selling companions. Trump introduced increased levies in April, earlier than pausing these tariffs at a decreased 10% price to permit time for negotiations. Regardless of an prolonged deadline, Trump has solely secured a handful of offers.
US Commerce Consultant Jamieson Greer mentioned Monday that the US wanted extra time for talks with India to gauge the nation's willingness to open its market extra to American exports.
Reuters reported earlier Tuesday that New Delhi is bracing for increased tariffs seemingly between 20% and 25%.
