{"id":355332,"date":"2025-07-30T05:18:53","date_gmt":"2025-07-30T10:48:53","guid":{"rendered":"https:\/\/tehelka.com\/?p=355332"},"modified":"2025-07-30T05:20:12","modified_gmt":"2025-07-30T10:50:12","slug":"deal-not-finalised-imports-from-india-could-face-20-25-tariffs-says-trump","status":"publish","type":"post","link":"https:\/\/tehelka.com\/deal-not-finalised-imports-from-india-could-face-20-25-tariffs-says-trump\/","title":{"rendered":"Deal not finalised, imports from India could face 20-25% tariffs, says Trump"},"content":{"rendered":"\n

August 1 is the deadline for implementation of reciprocal tariffs on various trading partners, including India; Sources familiar with developments say the US President\u00a0 may speak with Prime Minister Narendra Modi before the final nod to the long-anticipated deal.<\/strong><\/em><\/p>\n\n\n\n

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US President Donald Trump on Tuesday said that imports from India might be hit with a tariff rate of 20 to 25 per cent as the trade agreement between the two nations has not yet been finalised yet. Travelling back to Washington after a five-day visit to Scotland, Trump told reporters on-board the Air Force One \u201cI think so,\u201d\u00a0 when asked if 20-25 per cent would be a possible tariff rate for India.<\/p>\n\n\n\n

 \u201c\u2026India is my friend. They ended the war with Pakistan at my request\u2026 India has been a good friend, but India has charged basically more tariffs than almost any other country. You just can\u2019t do that,\u201d Trump was quoted as saying.<\/p>\n\n\n\n

Coming just ahead of the August-1 deadline for the implementation of reciprocal tariffs on various trading partners, including India, Trump\u2019s comments are significant. Sources familiar with the developments say that Trump may speak with Prime Minister Narendra Modi before the final nod to the long-anticipated deal.<\/p>\n\n\n\n

Meanwhile, Indian equity benchmark indices\u2014Sensex and Nifty\u2014traded higher on Wednesday, supported by strong earnings from Larsen & Toubro, boosting investor sentiment. However, upside remained limited amid caution ahead of the US Fed\u2019s policy decision and lingering uncertainty over the much-delayed agreement.The outcome of the US Federal Open Market Committee meeting is expected later today. Its next policy meeting is scheduled for September 16-17.<\/p>\n\n\n\n

Gold and silver prices also remained bullish in the domestic futures market on the back of persistent uncertainty over the deal, driving investors into safe-haven assets. However, a stable dollar and weak demand limited the gains.<\/p>\n\n\n\n

Trump in April announced increased tariffs with an objective to reduce the US’ trade deficit, which he later paused at a reduced 10 % till negotiations.<\/p>\n\n\n\n

According to US Trade Representative Jamieson Greer, additional time was required for negotiations with India to assess the country\u2019s readiness to expand the market to American exports. Agricultural products and genetically modified crops remain some of the main sticking points from the India side. A key point of contention is America\u2019s insistence on greater access to Indian markets for its agricultural, dairy, and GM products, India argues that such access could negatively impact the livelihoods of its farmers.<\/p>\n\n\n\n

The US is pushing for reduced tariffs on its industrial goods, electric vehicles, dairy products, wines, apples, tree nuts and In contrast while India wants high tariffs on agricultural and dairy products. Some farmer groups are also urging the government to exclude agriculture from the agreement entirely.<\/p>\n\n\n\n

The tariffs on Indian products could hurt India\u2019s export as the US is India’s top export destination with nearly 20 per cent share in the country’s total outbound shipments.<\/p>\n\n\n\n

The deal remains unfinalised despite several rounds of discussions. Delays could negatively impact the Indian economy and stock market.<\/p>\n","protected":false},"excerpt":{"rendered":"

August 1 is the deadline for implementation of reciprocal tariffs on various trading partners, including India; Sources familiar with developments say the US President\u00a0 may speak with Prime Minister Narendra Modi before the final nod to the long-anticipated deal. US President Donald Trump on Tuesday said that imports from India might be hit with a […]<\/p>\n","protected":false},"author":187,"featured_media":355333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[167],"tags":[18841,20019,19726],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355332"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/187"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=355332"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355332\/revisions"}],"predecessor-version":[{"id":355334,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355332\/revisions\/355334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/355333"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=355332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=355332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=355332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}