Breitbart:
An Indian government official reportedly told Bloomberg News on Sunday that his government is “unlikely to immediately retaliate against President Donald Trump’s tariff imposition.”
Instead, New Delhi hopes to work out a deal to reduce tariffs and trade barriers on both sides, according to the media outlet. The unnamed bureaucrat expressed India’s desire to seek “dialogue and not confrontation” and “work toward a balanced and equitable trade deal with the U.S.”
The South Asian nation was hit with a 26 percent tariff last Wednesday, plus the standard ten percent applied to every other country, when President Trump revealed his schedule of levies against foreign nations worldwide. Bloomberg described the tariff as a “setback” for Prime Minister Narendra Modi, who had already made significant trade concessions to the United States following Trump’s re-election.
Trump and Modi announced they were working on a major bilateral trade deal after Modi paid a friendly visit to Washington in February. Trump also said he wanted India to become one of the few countries outside of the North Atlantic Treaty Organization (NATO) that could purchase the advanced F-35 fighter jet. The two leaders spoke of each other as friends with a “special bond.”
India still wound up with tariffs last Wednesday, but they were considerably lower than the rates announced for most other Asian nations. Further, New Delhi enjoyed a much lower total rate than the 54 percent Trump levied against India’s major regional rival, China. read more
Soon to be 104%. Soon like “tomorrow”.
How ’bout they reduce their filth before we give them a break.
Second only to China, they pollute like mad!
We cleaned up our air and water decades ago. We developed the technology to do it with and it’s free to any country that wants to use it. They don’t because it doesn’t contribute to the bottom line! Well tariffs are going to ruin that bottom line too!
Just cut the phone lines.
India……a true shite whole.
Well, at least they responded to the adminstration’s opening to the renegotiation. Unlike the denial or immediate pushback like China and Canakada.
“Smack! Now that we have your attention…” It differentiates President Trump from the blather queens that preceded him.
The whole thing is reminiscent of everybody, even within Ronald Reagan’s staff, telling him he can’t say, “Mr. Gorbachev, tear down this wall.”