New York, May 17 /TASS /. US President Donald Trump said India is expected to reduce 100%of the US import tax.
In an interview with Fox News, broadcasted on Friday, Trump said that import tasks in India were one of the tallest people in the world. Because of this, it is almost impossible to conduct business with them. Did you know that they are ready to reduce the US -related tasks by 100%? This will happen soon, he said.
Since March 12, the United States has increased the tax of 25% of steel and aluminum exports without preliminary consultation with India. Responding to India's request, Washington said that the export adjustment of these products was implemented to protect the US National Security.
Earlier, Bloomberg reported that the United States and India finally resolved trading conditions in the negotiations on the conclusion of a new agreement, which will expand the bilateral trade volume, as well as their integration into the supply chain.
The United States and India began to discuss the conclusion of a bilateral trading agreement after an Indian Prime Minister Narendra Modi in early February to the United States. The United States is the largest trading partner of the Republic. Bilateral trade reached $ 129 billion in 2024 with a surplus of 45.7 billion dollars beneficial for India.