By Admin 
US President Donald Trump has imposed tariffs on more than 70 countries. 25 percent tariff has been imposed on India. The issue of trade deal between India and America has not been solved yet. Both countries are still discussing about some sectors. Meanwhile, there has been a reaction from the White House. According to Reuters, a senior White House official said that the Indo-US dispute is not going to resolve overnight.
Negotiation is still going on between India and America regarding the trade deal. On Thursday, a White House official said, “Relations between India and America are complicated. Both these countries are talking on complex issues. So they are not going to be solved easily. ” US Secretary of State Marco Rubio had said that India buys crude oil from Russia. This has become a cause of concern for America.
Donald Trump tariffs more than 70 countries
Trump says that America will get financial strength from the new tariff rate. He says that this will also end business imbalance. The new tariff rate is on more than 70 countries including India, Pakistan and Vietnam. Pakistan has 19 percent tariff and Vietnam has 20 percent tariff. Canada had earlier 25 percent tariff, which has been increased to 35 percent.
New trade deal between America-China
The trade deal between China and the US has not been finalized yet. US Finance Minister Scott Besant recently said that there is a lot of possibility about the trade agreement between the two countries. China has been given time till August 12 to finalize the deal. The deadline was decided after the preliminary agreement in May and June. It is also important that the relationship between China and America has been full of stress. Therefore, its effect can also be seen on the trade deal.