Trade conflict
Trump: India ready for concessions in the trade conflict
For weeks, the USA has been talking about trade agreements with partners all over the world, including with India. According to Donald Trump, the government there offered a great accommodation.
According to President Donald Trump, India has offered great concessions to the United States in the trade conflict. “You are ready to literally not calculate customs,” said Trump when visiting Qatar with a view to the import of US goods to India. The 78-year-old did not comment more specifically on where exactly the negotiations of both countries are.
In early April, Trump had announced the fight with a huge customs package trading partners around the world – in response to special levies for the import of US products and trade barriers for American companies in the respective countries. The US government imposed special levies in different levels against the different states, also against India. In view of large turbulence on the markets, Trump exposed the special tariffs shortly afterwards for 90 days. Since then, the Trump government has been trying to conclude trade agreements in discussions with the individual countries.
Importance of the trading partner India
For the United States, the fifth largest economy is not only an important customer of US armaments and other goods, but also an important partner in trying to curb China’s growing influence in the Indopazacific region. The United States is India’s largest trading partners. Individual US companies also put on the country: According to media reports, Apple wants to provide the iPhones for the US home market more and more from India instead of China because of the high US tariffs against China.
dpa
Source: Stern
