A high-level delegation of India is arriving in Washington on April 20 to sign the India-US bilateral trade agreement. Both sides will meet for 3 days in the first phase. In the context of US tariffs, only the representatives of the two countries can talk about revising the framework of the agreement published by the White House on February 7.
Meanwhile, the US Supreme Court said that the tariffs that US President Donald Trump is collecting by declaring an international emergency are illegal. Because it does not have the approval of the US Congress. Trump has abused his power by making unilateral decisions. This was followed by a statement from the White House saying, “In light of recent developments, additional fees imposed under the IEEPA will no longer be in effect. It will cease to be collected as soon as possible.” After this, from February 24, the import duty of America on India came down to 10 percent. The trade meeting starting tomorrow is going to be important in this context.
According to the Indian delegation, there will be a meeting with the US trade representatives in Washington DC on April 20, 21 and 22. The Indian team is led by Darpan Jain, Additional Secretary, Ministry of Commerce. The team also includes representatives from the Ministries of Customs and External Affairs. Two unilateral investigations initiated by the US Trade Representative (USTR) are also likely to be discussed during the three-day talks. Delhi had strongly objected to it earlier.
Incidentally, Trump reduced the tariff to 18 percent through an agreement with India. According to the trade agreement, if a product is exported from India to America, that amount of duty has to be paid. But after the order of the US Supreme Court, that duty has also been cancelled. Since then, no additional duty at the rate of 18 percent has to be paid to New Delhi. However, like other countries, India also has to pay the new tariff that Trump has said at the rate of 10 percent.
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