Trump extends tariff deadline, highlights India, Japan-Korea, Indo-Pak issues
Trump said that he had stopped the conflict between India-Pakistan, Kosovo-Surbia and Rwanda-Kango.
The Trump administration in the US has announced new dates regarding global tariffs. “Tariff Deadline has been extended from 9 July to 1 August, late Monday night, White House spokesman Caroline Lavit said. Japan has announced a 25%-25% tariff on South Korea.
Trump has sent letters to 12 countries, making the tariff public on Japan-Korea. Earlier, Trump had said, BRICS is adopting anti -America policies. He warned, if it continued, then 10% additional tariffs will be imposed on BRICS and its associated countries.
Trump did not take the name of any country on Truth Social and said, no country will be spared with extra tariffs. Trump’s statement came at a time when tariffs were opposed at the Summit of BRICS countries in Brazil.
China said- don’t threaten
Trump’s tariff warning has been strongly opposed by the BRICS country, China. Chinese Foreign Ministry spokesman Mao Ning said, BRICS is a positive organization on the international political platform.
Ning said, China opposes any type of tariff and trade war. In the name of putting tariffs, threatening or putting unnecessary pressure will be opposed at every level.
Trump again claims to stop Indo-Pak war
President Trump again claimed on Monday that his government stopped a huge fight between India and Pakistan. He said that we stopped many quarrels, including a huge controversy between India and Pakistan.
We told the two countries that if you fight together, we will not have any business relations with you. They were probably at the level of nuclear war. It was very important to stop it.
America claims- 90 countries ready for trade deal
US Finance Minister Scott Besant claims that 90 countries are ready to trade with the US. He said, with the deal offer, the mail inbox of the white house has been filled. All countries are ready to deal as soon as possible.
On April 10, we have completed the tariff of trade deal with 90 countries in 90 days. Most countries are ready to accept American terms. According to Besant, America believes that there should be a healthy business. The doors of the deal with any country should never be closed.
Indo-US interacting in Washington
On April 2, Trump imposed reciperoke (such as Ko Tit) tariff on countries around the world, later postponed for 90 days. Its deadline was ending on 9 July 2025, which has been extended till 1 July.
Keeping this in mind, there is a negotiation on bilateral trade agreement between India and the United States. If this agreement is not reached before 1 August, India may apply 26% tariffs.
Teams from India and America are constantly talking in Washington. Media reports say that most parts of the deal have been agreed, and it may be announced on 8 July. Commerce Minister Piyush Goyal has said that India will keep national interests at the top.
What will be the benefit of India and America from this deal?
answer: If it gets a mini trade deal, then:
Benefits for India,
- Textile, medicines, jewelery will get more access to the US market.
- Indian exports will be cheaper by the removal of 26% reciperook tariff, which will increase trade.
- By 2030, India-US bilateral trade can reach $ 500 billion.
Benefits for America,
- Products like Pekan Nuts, Blueberry, and Automobiles will get a chance to sell on low tariffs in India.
- Business relations with India will be strengthened, which is important to counter China’s influence in the Asia-Pacific sector.
For both countries: This deal can lay the foundation of big free trade agreement (FTA) in future.
What were the interruptions in the deal?
answer: Some big screws were stuck in the conversation:
- Disagreement over agriculture and dairy: America was demanding the sale of GM crops and dairy products in India, but India rejected it outright.
- Differences over tariffs: India wants the US to completely remove 26% reciperook tariff and 10% baseline tariffs, but the US wants to maintain 10% tariffs.
- Trump’s pressure: Trump had said that the countries who do not deal till 9 July, will have to face tariffs. India made it clear that it would not bow under pressure.
What will be the geopolitical effect of this deal?
answer: This deal is not limited to trade, it also has strategic importance:
- Strategy against China: This agreement between India and America is part of countering China’s growing influence in Asia-Pacific. The relationship between the two countries under Quad (India, America, Japan, Australia) will be stronger.
- Russia and oil imports: India is knocking America to buy cheap oil from Russia. Trump has proposed 500% tariff on trading countries with Russia, but this deal may provide some relief to India.
,
Read this news too …
Today, the announcement of Indo-US Mini Trade Deal may be: 26% deal to avoid tariffs is important; Deadline ending on 9 July
The mini trade deal between India and the US is expected to be announced by late tonight. This deal can open new routes for Indian exporters and American markets. On April 2, US President Donald Trump imposed a reciperook tariff on countries around the world, later postponed for 90 days. Read the full news here …
