Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, July 30 (Xinhua) — U.S. President Donald Trump said on Wednesday that Indian goods exported to the United States will be subject to a 25 percent tariff starting Aug. 1, the American leader said in a post on the Truth Social social network.
According to D. Trump, although India is “our friend,” the United States does “relatively little business with it because their tariffs are too high.” The American president added that India has “the most onerous and obnoxious non-monetary trade barriers of any country.”
The head of the White House also noted that India “has always purchased the vast majority of military equipment from Russia and is the largest buyer of Russian energy resources.”
Therefore, he announced, starting from August 1, India will pay 25 percent customs duties and “a penalty for the above.”
U.S. Trade Representative Jamison Greer told CNBC on July 28 that the United States needs more time to negotiate with India to assess the country's readiness to open its market more to American goods.
Any tariff rate of 20 percent or more would be a disappointment to India, which had sought better terms than the 19 percent Trump offered Indonesia and the Philippines, Bloomberg reported Tuesday. –0–
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