Donald Trump-Narendra Modi meeting: Tariff hikes by India 'unacceptable'
Japan : US President Donald Trump on Thursday said India's retaliatory tariff hikes for the US are "unacceptable" and must be withdrawn. Sharing his views in a tweet, Donald Trump claimed that he will discuss this with Prime Minister Narendra Modi.
"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 This is unacceptable and the Tariffs must be withdrawn!" President Trump's tweet read.
Earlier, India had said (according to a news agency Reuters) that its tariffs are not high as compared to other countries.
New Delhi had slapped tariff on 28 US products earlier this month after Washington withdrew the long-standing trade concessions for India on June 1. President Trump said the preferential status had allowed India to sell goods worth $5.6 billion duty-free.
The US move was in accordance to Donald Trump's saying the he is reducing trade deficits with a view to equalise the import and export between the US and other nations.
Over the last months, Washington imposed tariff and withdrew concessions on millions of dollars' worth of goods from across the world, including China and India.