Economy

Trump lambasts India for ‘very excessive tariffs’ forward of Modi assembly

US President Donald Trump has lashed out at India for its “very excessive tariffs”, calling New Delhi’s current imposition of retaliatory import levies “unacceptable” and demanding that they be withdrawn. 

Mr Trump’s blistering tweet comes only a day earlier than his scheduled assembly with Indian Prime Minister Narendra Modi on the sidelines of the G20 in Osaka. 

It additionally comes a day after Mike Pompeo, US secretary of state, met Mr Modi, and Indian international minister S. Jaishankar, in New Delhi to debate the “strategic alternatives” between the US and India, which Mr Pompeo described as “mates who may also help one another all world wide”.

In his tweet early on Thursday morning, Mr Trump struck a belligerent and offended tone, in sharp distinction to the heat radiated by Mr Pompeo on his go to to New Delhi on Wednesday. 

“I look ahead to talking with Prime Minister Modi about the truth that India, for years having put very excessive tariffs in opposition to the US, only recently elevated tariffs even additional. That is unacceptable and the tariffs should be withdrawn,” Mr Trump stated in a tweet. 

New Delhi raised import tariffs on greater than 20 gadgets from the US — together with almonds, apples and walnuts — on June 15 in retaliation for the US resolution a 12 months in the past to impose excessive import duties on imports of metal an aluminium from world wide, together with from India. New Delhi had sought an exemption however was refused. 

New Delhi had delayed the imposition of the retaliatory tariffs for practically a 12 months, hoping to succeed in settlement with Washington on a variety of bilateral commerce variations. 

However the Indian authorities lastly determined to impose the contemporary duties after Washington revoked India’s particular commerce privileges — which allowed round $6bn value of Indian items to have duty-free entry to the US market — only a day after Mr Modi was sworn in for the beginning of the second time period. 

The rising commerce friction has solid a shadow over the strategic cooperation between the US and India, elevating questions whether or not the deepening defence partnership can stand up to variations over commerce and financial points. 

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