After China, UK, now its India’s turn…, Trump makes big statement over trade deal, will he target India too
Trump Tariff: Discussions are underway between the United States and India regarding trade, and an agreement may be reached soon. However, some countries may also receive tariff letters from the U.S.
U.S. President Donald Trump said on Tuesday that America is close to reaching a deal with India. He made this statement after announcing new tariffs on 14 countries, including Thailand, Myanmar, Bangladesh, South Korea, and Japan. These tariffs will come into effect from August 1. Talks between the U.S. and India on trade are ongoing, and a conclusion may be reached shortly.
Trump Announces 35% Tariff On Bangladesh
US President Donald Trump has announced a 35 per cent tariff on products imported from Bangladesh.
In a letter to Bangladesh’s Chief Advisor Muhammad Yunus, Trump said that starting on August 1, 2025 “we will charge Bangladesh a tariff of only 35% on any and all Bangladeshi products sent into the United States, separate from all sectoral tariffs.”
Trump further said that goods transshipped to evade a higher tariff will be subject to that higher tariff.
Trumps Letter On Tariffs
The Trump administration sent the first tranche of “letters” to various countries on Monday, detailing the tariffs that the US will impose on products from them.
The countries that got these letters, signed by Trump, were Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People’s Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand and Tunisia.
Will Donald Trump Send A Letter To PM Modi?
According to media reports, Trump further said, “We met with others and we don’t think we’ll be able to reach a deal. So, we’re just sending them a letter. We’re sending letters to various countries, informing them how much tariff they’ll have to pay. Some might make slight adjustments, depending on whether they have a valid reason or not. We’re not going to be unfair about it.”
This clearly means that countries with whom the U.S. couldn’t reach an agreement will be asked to pay tariffs. Some adjustments may be possible if a country provides a valid justification, but the U.S. will not act unfairly. In other words, if talks with India don’t result in a deal, Trump may send a letter to India as well.
(With Inputs From PTI)
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