US-India Trade Deal, July 17 -- Amid ongoing trade talks with the Donald Trump administration, Indian officials are expecting to secure a deal with lower tariff rates than Indonesia, a report said on Thursday.
As per the Bloomberg report quoting an unnamed officer in New Delhi, India is seeking a more favourable tariff rate than Indonesia and Vietnam as it races to meet the August 1 deadline, following which it may have to pay the US a 26 per cent tariff on its exports to Washington.
Donald Trump on Tuesday said he will impose a 19 per cent tariff on Indonesia, and will be able to ship American goods to the country tariff-free. This was down from the initial 32 per cent that was announced in April. For Vietnam, the tariff came down to 2...
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