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Trump says India has offered America ‘no tariffs’, but India says deal not yet complete

anatta

anatta

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'Look at those tariff/barriers. they gotta go'
~~
India’s foreign minister S. Jaishankar later said talks were ongoing, calling negotiations between New Delhi and Washington “complicated” and “intricate.”
“Negotiations have been going on,” he told reporters in the Indian capital Thursday. “These are very complicated negotiations. They are very intricate. Nothing is decided till… everything is.”

The US president said the tariff India places on US goods is “so high” that it prevents much business from taking place between the two nations. The White House has long criticized India’s high tariffs, including 70% on autos, 20% on some networking equipment, 80% on rice imports. It also has chastised India for its non-tariff trade barriers, including burdensome regulatory requirements for importers.

A zero tariff — if that’s in fact what India is offering — would be a welcome change for US companies looking to export their goods to the world’s most populous country.


“(India) have actually told us, I assume you too, (Treasury Secretary) Scott (Bessent)… that there will be no tariff, right? Would you say that’s a difference? They’re the highest, and now they’re saying no tariff,” Trump said. Jaishankar told reporters the trade deal “has to work for both countries.”
 
anatta said:
'Look at those tariff/barriers. they gotta go'
Click to expand...

India has tariffs against nearly every country, not just America. I'll be interested to see if India drops them for the US only.
 
More great news coming.....getting India to drop their tariffs will open up business opportunities for US companies exponentially. Hopefully this trade deal will work out, benefit Americans, and usher in years to come opportunity between the two countries.
 
India is in many ways like China. but a couple of decades behind in economic development. It is less 'economically structured' to receive expensive US goods than China is today, so less valuable than China as an export destination. On the other hand, should India receive tariff free access to the US, global manufacturing will very likely move to India like it previously did to China. We then of course end up with the same negative balance of trade problem that we have with China today. All this talk about a wonderful trade deal with India seems to be far more noise than a reality check of the situation would suggest is merited. Maybe it might slightly appease a few farmers who have just lost their Chinese markets, but beyond that the trade match between the US and India is not one made in heaven.
 
anatta said:
India’s foreign minister S. Jaishankar later said talks were ongoing, calling negotiations between New Delhi and Washington “complicated” and “intricate.”
“Negotiations have been going on,” he told reporters in the Indian capital Thursday. “These are very complicated negotiations. They are very intricate. Nothing is decided till… everything is.”
Click to expand...

Doesn't sound as if India is quite on the same page. India, like all countries, have economic areas they need to protect for strategic reasons. I can't imagine they will go to zero on all things. As the Trade minister said the trade deal “has to work for both countries.” This notion that it all goes in favour of the US at the expense of the other country is unrealistic and quite frankly unfair. I expect that tariffs on imports from India will stay fairly high given the tariffs on China is forcing moves from China to India. Apple for example has announced moving watch manufacturing from China to India because of tariffs. So if the tariffs stay high on imports from India why would India go to zero?
 
anatta said:
'Look at those tariff/barriers. they gotta go'
~~
India’s foreign minister S. Jaishankar later said talks were ongoing, calling negotiations between New Delhi and Washington “complicated” and “intricate.”
“Negotiations have been going on,” he told reporters in the Indian capital Thursday. “These are very complicated negotiations. They are very intricate. Nothing is decided till… everything is.”

The US president said the tariff India places on US goods is “so high” that it prevents much business from taking place between the two nations. The White House has long criticized India’s high tariffs, including 70% on autos, 20% on some networking equipment, 80% on rice imports. It also has chastised India for its non-tariff trade barriers, including burdensome regulatory requirements for importers.

A zero tariff — if that’s in fact what India is offering — would be a welcome change for US companies looking to export their goods to the world’s most populous country.


“(India) have actually told us, I assume you too, (Treasury Secretary) Scott (Bessent)… that there will be no tariff, right? Would you say that’s a difference? They’re the highest, and now they’re saying no tariff,” Trump said. Jaishankar told reporters the trade deal “has to work for both countries.”
Click to expand...
The average yearly income in dollars for Indian citizens is $4880 to $9450.

I'm sure the Ford F150s will be rolling off of the lots in India.
 
Those Indian citizens with their @$5K annual income are DEFINITELY going to start buying tons of American stuff any day now 😂😂😂
 
U.S. goods exports to India in 2024 were $41.8 billion, up 3.4% from 2023.


U.S. goods imports from India totaled $87.4 billion in 2024, up 4.5% from 2023
 
anatta said:
U.S. goods exports to India in 2024 were $41.8 billion, up 3.4% from 2023.


U.S. goods imports from India totaled $87.4 billion in 2024, up 4.5% from 2023
Click to expand...
Problem seems to be Americans hunger for cheap goods. Perhaps tame your consumerism!
 
Callen said:
Problem seems to be Americans hunger for cheap goods. Perhaps tame your consumerism!
Click to expand...
oh no. consumerism drives the US economy. I dont think it's a problem unless it's completely screwed up like China trade.
India trade is growing, so we dont want that to happen with them
 
Callen said:
Doesn't sound as if India is quite on the same page. India, like all countries, have economic areas they need to protect for strategic reasons. I can't imagine they will go to zero on all things. As the Trade minister said the trade deal “has to work for both countries.” This notion that it all goes in favour of the US at the expense of the other country is unrealistic and quite frankly unfair. I expect that tariffs on imports from India will stay fairly high given the tariffs on China is forcing moves from China to India. Apple for example has announced moving watch manufacturing from China to India because of tariffs. So if the tariffs stay high on imports from India why would India go to zero?
Click to expand...
It’s different and people need to understand. Remember, India is not even a century removed from British rule—and that rule came when a company with its own police force economically then militarily occupied them once they had an economic foothold. Remember our old US “company towns”? The British East India Company turned India into a “company nation”.

Those memories and histories are still very fresh within India so we can expect them to practice a certain degree of isolationism for some time to come. Such wounds heal slowly. It’s unlikely that India will allow foreign multinationals to establish dominant positions within their nation, since the last time that happened… well, the world was what happened: India spent the next century-plus basically being strip-mined.
 
anatta said:
oh no. consumerism drives the US economy. I dont think it's a problem unless it's completely screwed up like China trade.
India trade is growing, so we dont want that to happen with them
Click to expand...
I was being somewhat tongue in cheek. However, it is not reasonable to expect a poor country like India to buy as much from the US as a consumer driven wealthy country like the US does from them. What I can see the US doing is putting high tariffs on things they don't want coming from India or China but want made in the US. However, that doesn't seem to be the pattern For example, Barbie dolls get high tariffs and electronics get none...that make no sense to me.
 
anatta said:
U.S. goods exports to India in 2024 were $41.8 billion, up 3.4% from 2023.


U.S. goods imports from India totaled $87.4 billion in 2024, up 4.5% from 2023
Click to expand...
Energy (crude oil and LNG), military and agricultural being the largest components of India’s imports from the US.

Whereas our largest import from India is pharmaceuticals.
 
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