By Admin 
Trump Tariff: US President Donald Trump has so far sent tariff letters to about 20 countries, including countries like Japan, Korea, Bangladesh and South Africa. Now it is the turn of India. It is being told that the talk on the trade deal between India and the US is close to the final, under which a tariff of 20 percent can be imposed on India.
India had a tariff of 26 percent
According to a report by Bloomberg, India may probably avoid this new wave of letters being sent to countries like Vietnam, Laos and Myanmar on tariff hike. The government of Trump of America has already announced to impose 50 percent tariffs on countries like Brazil and Myanmar and 20 percent on Vietnam and Philippines.
According to a TOI report, India is expected to impose less than 26 % tariffs. Let us know that in April, the US had announced to impose 26 percent recipes on India on India, which is half of the 52 percent tariff to be imposed on the US of India. Trump called it a ‘discount tariff’ for India.
Will India be able to avoid tariffs?
If the same deal between India and the US is finalized, then India will also join the list of countries with the United Kingdom, who has managed to escape the tariff war of Trump due to the trade agreement. Trump told NBC News earlier this week, “We are thinking about putting a tariff of 15 to 20 percent on most countries that have not yet reached any agreement.” However, he also said, “We are closer to the agreement with India.”
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