India Faces 20% Less U.S. Tariffs Increase Than China?

Indo-US political compatibility will witness preferential tariff rates worked out for India by the latter with clear bias against China. Well-placed sources explained, “China faces a 60% tariff rate imposed on exports by the U.S. President Donald Trump. Disparity will be evident when similar exports from India will face sub-40% tariff rates. Prime Minister Narendra Modi bargained hard, on pain of cutting off exports to the USA, taking Indian goods to the European Union instead.” This worked tremendously in favour of Indian exporters who won’t face sudden spikes in duty rates levied. President Trump is now eager instead, to up bilateral trade between our two nations to scale up to $500 bn by 2030. Sector specific negotiations are currently underway even as nations like Canada, China and the European Union experience trepidation over Trump’s tariff war against them. The U.S. conceded to India’s demand for technology transfer under long pending agreements for fifth and sixth generation fighter planes. Sharp negotiations progressing with Russia and France encompassing a wider arena of joint collaborations including marine drone technology, space missions helped tremendously. The proposed visit of Russian President Vladimir Putin to India will focus upon enhanced business in the wake of sanctions against Russian crude on the verge of being lifted. Strong winds are also blowing to foster cultural relations between India and Russia as a new coalition of global players is being disrupted to include the USA, France, Italy and Israel for a new world order. Ukraine and Hamas (in Gaza) stand relegated to minion status on the world stage in the meanwhile.