Bangla Press Desk: India could face tariffs as high as 25 percent if it fails to finalise a trade deal with the US this week, President Donald Trump has said.
“Yeah, I think so,” he told reporters on Tuesday when asked whether Delhi would face higher tariffs in the absence of an agreement, reports BBC.
The US has set a 1 August deadline for India and several other countries to either reach a trade agreement or face increased tariffs.
Indian and American officials have been negotiating a trade deal for the past few months, but officials have alternated between sounding optimistic and cautious about when it will be announced.
“But now I’m in charge, and you just can’t do that,” he added.
The BBC has reached out to India’s commerce ministry for a comment.
Tariffs are taxes charged on goods imported from other countries. The US president has repeatedly taken aim at India’s high tariffs, branding it a “tariff king” and a “big abuser” of trade ties.
