The Chemistry of PM Modi-Putin and Xi Jinping at the SCO Summit held in China has disturbed Trump. Soon after the SCO, Trump issued a statement defending his tariff move. He said that India has imposed the most tariffs on American goods in the world, while American markets are open for Indian products. Giving the example of Harley Davidson, he said that up to 200% tariffs were imposed on the motorcycle, due to which the company could not sell motorcycles in India. As a result, the company had to set up a plant in India so that the tariff could be avoided.

Xi Jinping, including Prime Minister Narendra Modi, Russian President Vladimir Putin, attended the SCO summit. This was the first time after the tariff was imposed by America, when the leaders of three big countries of the world appeared under one roof. After this, the manner in which Trump has targeted the tariff and targeted India is clearly visible. However, India has clearly stated that it is not going to come in front of America under any kind of pressure. During this time, trade talks between the two countries are also going on, in which no solution has been found so far.

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India-Meerica Trade Talk: After Donald Trump became the President of America, there is a fierce fierce worldwide tariff war. Indo-US and America are also talking on trade. Amidst all this, the Government of India is considering reducing import duty on Harley-Davidson Motorcycle, Borbon Whiskey and California wine under the ongoing trade talks with the US.

India Today, in a report, quoting sources said that the two countries are negotiating to reduce tariffs on certain products as well as promote business relations. Earlier, the government had reduced the import duty on Harley-Davidson motorcycles from 50 percent to 40 percent. Now discussion is going on to reduce the tariff, so that these premium bikes in the market will be more cheaper.

Import duty reduced on American whiskey

Similarly, the import duty on Borbon Whiskey was reduced from 150 per cent to 100 per cent in the past and the authorities are now considering another cut in it to make the trade between the two countries more smooth. Also, Californian wine is also part of this conversation.

Negotiations between Indo-US on these issues also

Trade talk is not limited to bikes and whiskey. Officials are also discussing the expansion of American exports of drug products and chemicals to India. The US is keen to increase its market share in India’s growing pharmaceutical field, while India is trying to ensure favorable terms for its exports to the US.

In recent years, there has been a change in import of India’s drug products from America. Import in 2020-21 stood at Rs 2,26,728.33 lakh, which increased by 78.8 percent to Rs 4,05,317.35 lakh in 2021-22. However, imports declined by 27.5 percent to 2,93,642.57 lakhs in 2022-23. In 2023, this trend changed again, imports increased by 10.8 percent to Rs 3,25,500.17 lakh.

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