India’s Zero Tariff, India last month floated a “zero tariff deal” to the U.S., committing to remove duties on imports from America.
The proposal was rejected by U.S. President Donald Trump, who described it as “too late” to mend frayed trade relations.
Trump asserted that trade with India has been “one-sided” for decades and that previous inaction had prejudiced American firms.
India should have lowered tariffs long ago, not so suddenly now, Trump thinks.
The remarks were made when Indian Prime Minister Narendra Modi visited China for the Shanghai Cooperation Organisation (SCO) summit.
During the summit, leaders from the whole of Asia, including China’s Xi Jinping, met to discuss regional security and economic cooperation.
Trump’s words have infused fresh tensions into the already delicate U.S.-India trade relationship.
The Indian Embassy in Washington has yet to respond to the comments of the president or clarify India’s stance.
The U.S. has long complained of India’s excessive tariffs on items such as motorcycles, agricultural products, and electronics.
India responds that tariffs are necessary to support domestic industries and the livelihoods of millions of farmers.
This recent confrontation illustrates the persistent fight to achieve a balanced and equitable trade relationship between the two nations.
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