United States Secretary of the United States Scott Besent | Photo credit: Elizabeth Frantz
The United States Treasury Secretary Scott Besent said that India will reach the first bilateral commercial agreement to avoid the reciprocal rates of President Donal Trump.
A ‘reciprocal’ rate of 26 percent on Indian exports to the US. UU. It is currently in a 90 -day pause, which expires on July 8. However, like other countries, India is currently subject to 10 by center under existing policy.
According to him New York PostBesent told a round table or on a reporters on Wednesday that commercial conversations with India are “very close” to reach a successful conclusion because the most popular nation in the world does not have “so many high rates.” “India also has non -tariff commercial barriers of Ferwer, obviously, there is no manipulation of currency, very, very few government subsidies, so that reaching an agreement with the Indians is much harder,” said Bessent and the annual bank of the lateral lines of the lines of the steel lines of the steel shores of the banks of the shores of the banks of the banks of the banks of the sidewalks of the steel The banks of the shores of the shortening of the shores of the shortening of the banks of the steps of the sidewalks of the lateral lines of the lateral lines of the lateral lines of the lateral lines of the lateral lines of the lateral lines of the lateral lines of the lateral lines of the sides of the lateral lines of the lateral lines.
President Trump has demanded that other countries break down his tariffs and non -tariff barriers to US assets, as well as eliminating US commercial deficits, said the New York Post.
Earlier on Tuesday, American vice president JD Vance in Jaipur urged India to leave non -tariff barriers, give greater access to their markets and buy more American military energy and hardware while established a broader and deeper roadmap for both of them.
He New York Post The cited data of the Census Office to say that India represented almost 3 percent of the goods imported to the US. A or February. The United States had a commercial deficit of $ 45.7 billion with India in 2024, agreed to the Office of the United States Commercial Representative.
Posted on April 24, 2025