New Trade Brief documents for trump Administration..!?

With the re-election of donald trump as the President of the united states, the central government has intensified the measures to ensure that the trade between india and the united states will not be affected soon. In this regard, the central government officials in the information given to the Economic Times magazine said that they are engaged in the preparation of documents related to the improvement of bilateral trade relations. As far as donald trump is concerned, he has won the election by making promises including increasing job opportunities in the united states and promoting the industrial sector. So his entire focus will be on creating jobs for Americans in America.

At the same time, it is said that he is likely to bring about changes in commercial relations with other countries. trump has also criticized India's tax practices during his election campaigns. That means india has been criticized as a tariff king. He has said that india follows bad tax practices and trade practices. Because india has been continuously criticizing the US for imposing multiple tariffs on many of its imports, in this situation, the central government officials are actively preparing documents to take to his government about the trade relations between the two countries and now India's trade policies before trump takes office as the president in January.
During his last term as President, he prepared an agreement between india and the US to modify the customs procedures on certain goods. But it was not implemented then. During his first term as US President, donald trump imposed additional tariffs on steel and aluminum imports from india and China. He also forced india to import more agricultural products from America. The two countries later went to the World Trade Organization to settle the issue. As far as india is concerned, most of the goods exported from here go to America. Similarly, the US is the third largest foreign direct investment in India. Therefore, the central government is quick to convey its position to the trump administration before the trump administration makes announcements that will bring about changes in bilateral trade.
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Sowmiya Sriram

09/11/2024 11:35 AM