19
Saturday
October 2019
8:35 PM IST
News Headlines
Netherlands'' King Willem-Alexander , Queen Maxima, gets warm welcome in Alappuzha        PM Modi has no understanding of economy: Rahul        INX Media: Chidambaram conspired with son, misused official position, says CBI charge sheet        US dream shattered, 311 Indians land in Delhi after deportation from Mexico        US to host 2020 G7 summit at a Trump golf resort        Trump speaks over phone with Turkey''s Erdogan over cease-fire in Syria        Twin blasts in Afghanistan''s mosque kill 62        China''s Q3 GDP growth slows to 6%, slowest in 27 years        Ranchi Test: India eye clean sweep against Proteas        Pakistan sacks Sarfaraz as captain in Test, T20I formats        Mentally-unstable man jumps inside lion enclosure in Delhi zoo, escapes unhurt        BSF jawan killed, 1 injured in firing by Bangladeshi troops along border in West Bengal        At least 35 people killed in bus accident in western Saudi Arabia        UK, EU hail new Brexit deal, but Parliament sign-off hangs in balance        Nearly 100 people injured in Catalonia unrest on Wednesday: Medics        Indo-Pak bilateral ties subject to approval from PMs of both countries: Ganguly        Aiden Markram ruled out of Ranchi Test with wrist injury        Indian challenge ends at Denmark Open        Aussie cricketer Watson apologies for 'illicit' social media posts        India's performance was no match to atmosphere at Salt Lake: Chhetri        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Kerala News
Trump accuses India of imposing tariffs on American products; says 'no longer acceptable'
 
Washington, Jul 9 (PTI) President Donald Trump on Tuesday said India has long had a "field day" imposing tariffs on American products, which is "no longer acceptable" to the US.

Trump's terse comment came days after his meeting with Prime Minister Narendra Modi on the sidelines of the G20 Summit in Osaka on June 28 where the two leaders aired their concerns over the bilateral trade disputes and agreed for a meeting of their commerce ministers to sort out the issues.

"India has long had a field day putting Tariffs on American products. No longer acceptable!" Trump tweeted on Tuesday.

Later this week, US Commerce Secretary Wilbur Ross and Energy Secretary Rick Perry are scheduled to address a major India centric conference in Washington DC.

President Trump, championing his 'America First' policy has been a vocal critic of India for levying "tremendously high" duties on US products, has described the country as a "tariff king".

Though trade is an important part of the booming bilateral relationship, a row over market access and tariffs has escalated in recent months, leading to fears of a protracted dispute.

Before his meeting with Modi, Trump tweeted, "I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!"

India has raised tariffs on 28 items, including almond, pulses and walnut, exported from the US in retaliation to America's withdrawal of preferential access for Indian products.

Trump has also criticised India's high import tariff on the iconic Harley Davidson motorcycles as "unacceptable".

President Trump terminated India's designation as a beneficiary developing nation under the key GSP trade programme from June 5 after determining that New Delhi has not assured the US that it will provide "equitable and reasonable access" to its markets.

The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.

The Trump administration wants India to lower the trade barriers and embrace "fair and reciprocal" trade.

Last February, India slashed the customs duty on imported motorcycles like Harley-Davidson to 50 per cent after Trump called it "unfair" and threatened to increase the tariff on import of Indian bikes to the US.

The government on June 21 last year decided to impose these duties in retaliation to the US decision of significantly hiking customs duties on certain steel and aluminium products. America, in March last year, imposed 25 per cent tariff on steel and a 10 per cent import duty on aluminium products.

Many US companies like Google, Mastercard, Visa and Amazon have raised concerns over the issue of data localisation and its impact on their operational cost.

In April last year, the Reserve Bank of India had issued a directive on 'Storage of Payment System Data'. It had advised all system providers to ensure that within a period of six months, the entire data relating to payment systems operated by them is stored in a system only in India, for effective monitoring.

India has also dragged the US to the World Trade Organisation's dispute settlement mechanism over the imposition of import duties on steel and aluminium.

India's exports to the US in 2017-18 stood at USD 47.9 billion, while imports were at USD 26.7 billion. The trade balance is in favour of India.


Netherlands'' King Willem-Alexander , Queen Maxima, gets warm welcome in Alappuzha
Scribe's death:Kerala IAS officer's suspension extended
Kerala's CPI to discuss Vedas and Marxism in seminar
Kerala Assembly session from Oct 28
Rs 10,000-crore investments to flow into Kerala from Dubai
Kerala govt rejects flat owners' demand for more time to vacate
Rahul Meets Kerala CM Pinarayi Vijayan, Seeks Compensation for Flood-hit People of Wayanad
13 injured after portion of old pier collapses in Kerala
Ker CM seeks Gadkari's intervention on NH development
Four held in Kerala for honey trapping NRI bizman
Minor girl sexually assaulted for over 2 yrs in Kerala, two
Ker HC strikes down college hostel rule prohibiting mobile use
Government to rebuild Palarivattom flyover
CM demands PSC questions in Malayalam
Tipplers guzzle Rs 487 crore worth liqour during onam
candidate selection for Pala by-election is an internal matter of KC(M): Chandy
Kevin Murder Case: Double life sentence for all 10 convicts
Malayalam actor, film crew stranded in Himachal village
Ex-Deputy Commandant of AR camp held in connection with constable's death
"More flights to Kerala from Gulf countries during Onam"
ENTERTAINMENT NEWS
My craft is a huge area of anxiety for me: Swara Bhasker
 Mumbai: Several acclaimed films and a decade later, Swara Bhasker still finds herself panicking befo  
Ordinary doesn't satisfy me, says Bhumi Pednekar
Shah Rukh Khan keen on making a 'hit kind' of film
Navya Nair Surprised with Her Son's Birthday Gift: Watch Video
INTERNATIONAL NEWS
US to host 2020 G7 summit at a Trump golf resort
 Washington: The G7 Summit in 2020 would be held at President Donald Trump''s golf resort in Florida
Trump speaks over phone with Turkey''s Erdogan over cease-fire in Syria
Twin blasts in Afghanistan''s mosque kill 62
At least 35 people killed in bus accident in western Saudi Arabia
NATIONAL NEWS
PM Modi has no understanding of economy: Rahul
 Mahendragarh: Congress leader Rahul Gandhi on Friday alleged that Prime Minister Narendra Modi has n
US dream shattered, 311 Indians land in Delhi after deportation from Mexico
Mentally-unstable man jumps inside lion enclosure in Delhi zoo, escapes unhurt
Senior Odisha BJP leader Damodar Rout quits party
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.