US President Trump calls on Indian PM Modi to withdraw ‘unacceptable’ tariffs

Washington DC, June 27: United States President Donald Trump on Thursday said he was looking forward to holding a dialogue with Indian Prime Minister Narendra Modi about the fresh imposition tariffs over already-high tariffs against America.

Trump took it to Twitter and said, “I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!”

According to Sputnik news reports, India has imposed fresh tariffs over 28 American products in a retaliatory move, including almonds and apples, and still remains subject to the US tariffs on aluminum and steel.

This comes after the US terminated India’s status as a beneficiary developing nation for purposes of Generalized System of Preferences (GSP) – a US preferential tariff program which provides tariff concession on several varieties of products – as the US president issued a proclamation June 1.

Trump has also made his decision clear to oust India from a list of “developing country WTO Members” who have been exempt from safeguard measures’ application on CSPC products, including large residential washers.

The US move comes at a time when it was entangled in a trade spat with China, as well as, amidst Trump’s threats to hike tariffs on Mexican good exported to America if Mexico does not step up its enforcement forces and put an end to illegal immigration.

 

Also read:

LEAVE A REPLY

Please enter your comment!
Please enter your name here