Govt sources respond to Donald Trump's criticism of India's tariffs, say rates not high compared to other developing nations
India’s tariffs are in line with the World Trade Organisation rules, the government sources said, adding that US tariffs on some items were much higher than India’s.
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India’s tariffs are not that high compared to other developing countries, government sources told Reuters on Thursday.
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This was in reaction to United States President Donald Trump’s call to withdraw what he said were very high tariffs.
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This month, India slapped higher tariffs on 28 US products.
New Delhi: India’s tariffs are not that high compared to other developing countries, government sources told Reuters on Thursday, reacting to United States President Donald Trump’s call to withdraw what he said were very high tariffs.
Earlier Trump tweeted that he looked forward to meeting Indian Prime Minister Narendra Modi at the G20 summit in Japan, but said that for years India had put “very high tariffs against the United States”. Adding: “This is unacceptable and the tariffs must be withdrawn!”
This month, India slapped higher tariffs on 28 US products in retaliation for Washington’s withdrawal this month of tariff-free trade for certain Indian goods.
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India’s tariffs are in line with the World Trade Organisation rules, the government sources said, adding that US tariffs on some items were much higher than India’s.
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