New Delhi, April 3 /TASS /. The Indian Ministry of Commerce analyzed the impact of 26 % of the US import tax offered against the Republic. This has been announced by the PTI as a representative of the Indian government.
According to officials, the universal tax rate will take effect for all imports in the United States from April 5 and the remaining tasks are 16% from April 10.
“The Ministry is analyzing the influence of tariffs declared,” he said. The official added that there was a provision under which the US President Donald Trump administration could consider reducing tasks if India eliminated the factors that cause Washington's concern.
On April 2, the US president called India among countries, according to him, with a high tax rate for US goods. In this regard, he announced the introduction of feedback measures. According to Trump, India charged 52 percent of the mission, using foreign exchange operations and trading barriers. The president emphasized that now the United States will be accused from the Republic with a general tax rate of 26%.
Earlier, there was a report that India and the United States intended to complete the first negotiation phase of a trade agreement this fall. They also set goals to double the bilateral trade and bring its volume to $ 500 billion by 2030 from the current level of more than $ 190 billion.