PM Modi Holds Talks On Trump Tariffs, Amit Shah And Piyush Goyal Among Top Ministers Present
PM Modi Holds Talks On Trump Tariffs, Amit Shah And Piyush Goyal Among Top Ministers Present
America has announced to impose 50% tariff on products coming from India, for which it has also issued a notification. According to media reports, Prime Minister Narendra Modi is holding an important meeting on this issue.
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This meeting is taking place in the PMO, in which Union Home Minister Amit Shah and Commerce Minister Piyush Goyal are also present with him. Apart from this, many senior officials of the Commerce and Finance Ministry are also present in the meeting.
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The Trump administration has scheduled the implementation of revised tariffs on Indian goods, effective after 12:01 a.m. on August 27. A public notice has been issued, announcing an additional 25 per cent tariff on Indian products. The notice specifies that these increased levies will apply to Indian goods entering the U.S. market for consumption on or after 12:01 a.m. They will also affect goods withdrawn from U.S. warehouses for use after that time. The hike, according to the US is the penalty for New Delhi’s continued buying of Russian oil, which Trump said is funding Moscow’s war in Ukraine – a charge strongly rejected by the world’s 4th largest economy.
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