By Admin 
India-US Trade Deal: Contrary to the statement of US Ambassador Sergio Gore, who reached India, in which he had said that trade talks between India and America will start from Tuesday, no formal talks regarding a trade deal are scheduled between the two countries this week. business today According to the report, Indian officials have clarified that at present no such plan has been decided in advance.
According to the report, officials said that the Commerce Ministry has not received any formal message from Washington regarding the talks. On the condition of anonymity, an official said that the recent proposals given by India will first be internally reviewed in America, only after that any further decision will be taken. Officials say that at least this month there is no possibility of any talks regarding a trade agreement between India and America, nor has any meeting been scheduled for this week or the near future.
postponed conversation
The possible talks between India and America have been postponed at a time when a new warning has been given by America. America has indicated that an additional tariff of 25 percent may be imposed on countries doing business with Iran. Meanwhile, while US Ambassador Sergio Gore has said that dialogue between the two countries will continue, US Commerce Minister Howard Lutnick has expressed doubts about any agreement being sealed soon. He has blamed lack of communication and missing big opportunities for this.
50 percent tariff on India
At present America is imposing a total tariff of 50 percent on Indian goods. This includes 25 percent base tariff, while an additional 25 percent tariff has been imposed on India as a penalty for purchasing oil from Russia at cheap prices.
It is noteworthy that trade talks have been going on between India and America for a long time, but on the issue of giving protection to farmers in the agriculture sector, India is adopting a cautious approach towards opening its markets. Till now several rounds of talks have taken place between the two countries, but no concrete result has been achieved. In such a situation, there remains uncertainty regarding further trade talks, although there is still hope for an agreement between the two sides.
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