India US Trade Deal News Updates: Trump Says Close To Ink Pact With India
"We're very close to a deal with India where they open it up," Trump said.
Trump's Latest On India-US Trade Deal — Highlights
The US president has indicated that the two countries are close to a trade deal.
“We had one (deal) yesterday. We have another one coming up, maybe with India….I don’t know, we’re in negotiation," he said.
"We're very close to a deal with India where they open it up," he added.
The comments come a day after Trump said his administration was working on a trade deal with India on "same line" as Indonesia.
Under the trade pact, tariffs on Indonesia has been lowered to 19% from 32% announced earlier.
That's it from our live web coverage of Trump's trade and tariff-related announcements on Wednesday. Stay tuned with ndtvprofit.com for more news, views and updates.
India US Trade Deal Live: Levies On Chips And Drugs
The President of the United States has intensified threats of tariffs on pharma, starting low and rising as high as 200% over the course of a year. He's considering a similar timeline for semiconductors.
India US Trade Deal Live: Trump To Send Letters To Over 150 Countries
President Donald Trump said he would send letters to more than 150 countries notifying them of tariff rates as he pushes ahead with a trade agenda that has sent US partners racing to avoid higher import taxes.
“We’ll have well, over 150 countries that we’re just going to send a notice of payment out, and the notice of payment is going to say what the tariff rate will be," Trump told reporters on Wednesday at the White House. “It’s all going to be the same for everyone, for that group.”
Source: Bloomberg
India US Trade Deal Live: India Must Insist On Formal Announcement, Not Via Social Media
India must proceed with extreme caution while negotiating a trade agreement with the United States and insist on a jointly issued, written statement before acknowledging any deal, according to Ajay Srivastava, founder of the Global Trade Research Initiative.
India US Trade Deal Live: Close To Deal With India, Says Trump
"We had one (deal) yesterday. We have another one coming up, maybe with India….I don’t know, we're in negotiation. When I send out a letter, that’s a deal….The best deal we can make is to send out a letter. And the letter says that you’ll pay 30%, 35%, 25%, 20%...We're very close to a deal with India where they open it up," said President Trump.
