(*12*)Chatting with the media aboard Air Pressure One, the US President stated the names of the nations which is able to obtain the letters would solely be revealed on Monday.
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(*12*)”I signed some letters and so they’ll exit on Monday, in all probability 12. Completely different quantities of cash, completely different quantities of tariffs,” he instructed reporters.
(*12*)”The letters are higher. It’s a lot simpler to ship a letter,” Trump added.
(*12*)Trump has instructed that the reciprocal tariffs might go even greater, doubtlessly reaching 70 per cent for some nations, and take impact from August 1.
(*12*)The US President in April unveiled a base tariff of 10 per cent on most items getting into the nation, together with greater charges for sure nations, together with China. These elevated tariffs have been later suspended until July 9.
(*12*)Washington has concluded commerce agreements with two nations – the UK and Vietnam.
(*12*)In the meantime, India’s high-level official delegation, led by chief negotiator Rajesh Agrawal, has returned from Washington with out reaching a closing settlement with US officers on the delicate situation of commerce in agricultural and dairy merchandise that the US is pushing for.
(*12*)Nonetheless, there may be nonetheless a glimmer of hope that an interim bilateral commerce settlement could also be reached on the highest political degree within the two nations earlier than the July 9 deadline.
(*12*)The Indian crew was in Washington for negotiations on an interim commerce settlement with the US from June 26 – July 2.
(*12*)In line with Commerce Minister Piyush Goyal, India is not going to hurry into signing a free commerce settlement beneath stress from any deadline.
(*12*)Talking on the sidelines of an occasion within the nationwide capital, Minister Goyal emphasised that India is able to make commerce offers within the nationwide curiosity but it surely “by no means negotiates commerce offers with a deadline”.
(*12*)The US is looking for broader market entry for its agricultural and dairy merchandise, which is a significant hurdle, as for India, it is a livelihood situation for the nation’s small farmers, and therefore, is taken into account a delicate space.
(*12*)Whereas India is trying to safe an exemption from President Trump’s 26 per cent tariffs by concluding an interim deal earlier than July 9, additionally it is pushing for vital tariff concessions for its labour-intensive exports equivalent to textiles, leather-based and footwear.
(*12*)(Apart from the headline, this text has not been edited by FPJ’s editorial crew and is auto-generated from an company feed.)
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