India US trading transfer LIVE: Deadline has come and passed ... Will India-US trading transaction?

India US trade transaction: US President Donald Trump has announced a 25 % tariff and fine on goods from India from 1 August. When I hear this news, many people think it will also affect the Indian trade transaction. But with the launch of this news, there is soon a possibility of a US -India trade agreement. According to the CNBC report, there are discussions with the US about the balanced trade transaction. India’s US exports are a small part of GDP. India sends things like medicine, auto parts, electronics and jewelry to the US, and this rate will have a direct impact on them. At 14:34 o’clock CTI (Chamber of Trade and Industry), senior vice president Deepak Garg and Vice President Rahul Adalkha, warned that CTI will soon discuss the campaign against US goods by discussing with dealers’ organizations. American goods will also be opposed on the lines of Chinese goods. During the festivals, the effective effect of boycott of Chinese goods is seen. Many types of service, including beverages, wafers, food chains are consumed in India from the US, CTI will strongly oppose the goods of all these American businesses. At 1:07 pm, Trump’s rates will be affected by different sectors. There is an agricultural trade of about 800 crore calls between India and America. India mainly exports rice, shrimp, honey, vegetable extracts, castor oil and pepper to the US, and the US sends almonds, walnuts, pistachios, apples and pulses. According to the report of Global Trade Research Initiative, ie GTRI, India places the average rate of US agricultural products 37.7%, while it is 5.3% on Indian agricultural products in the US. Due to the tariff 25%, the burden on the farmers of India will increase. Since India’s agricultural goods are in America, their demand will decrease, exports will decrease and the revenue of farmers will be reduced. Textile and garments, jewelry and diamond ,. Motor sector, mobile and electronics, refined petroleum, broadcasting and telecommunications products are also included. According to Hindustan’s report at 23:38 o’clock, Trump said he was ready to talk about the trade agreement with India. According to the report of the Federation of the Indian export organization IE FIEO at 10:56 p.m., America’s tariff will have a direct impact on India’s economic system. Due to 25% tariff on India, there can be a loss of about 61 thousand rupees to 72 thousand rupees annually. A more impact of this can be seen. For example, exports will be expensive, that is, many things like food products, textile, electric machinery, jewelery and jewelry, pharmaceutical products and cars can be expensive. Trade surplus will reduce, that is, America places fewer rates on India’s property, which gives India the benefit of trade surplus. India will suffer a great loss due to increasing rates. More imports mean more demand for dollars and it will weaken the rupee and the dollar will be strengthened, that is, to buy more money from America, you will have to pay more money. If India will lower the tariff on US goods to avoid more rates of America, US things will become cheaper in the Indian market. This will increase imports. According to the MoneyControl report at 22:14 o’clock, former vice -chairman Rajiv Kumar, Niti Aayog, said after the 25 percent rates on imports from India on imports from India that the 25 percent rate and penalty is considered an initial pressure strategy, not a final policy decision. The Government of India will take all the steps in the national interest that all steps in the country will be taken. According to experts, India’s situation is better than countries that have recently concluded trade agreements with the US. Countries such as Britain, the European Union, Japan, Indonesia and Vietnam have given many concessions to America. These countries opened their markets to America and in return, the US has placed 15 to 20 percent tariff on their goods. India did not give such a concession, especially in the agricultural sector with more than 70 farmers in the crore. With this, India held its position strongly by avoiding unilateral agreement. Trump has questioned the ratio of buying oil with Russia, except Trump has also questioned India’s relationship with Russia to buy oil, but experts believe this argument is not correct. India has kept its inflation under control by buying cheap oil from Russia. On the other hand, Indonesia has removed 99 percent of its rates, which has completely opened its market for America. On the trade agreement, Vietnam also did not impose tariffs on US goods, but the US imposed a 20 percent rate of 20 percent on their goods and 40 percent tax on transfer. The European Union has promised to invest $ 750 billion energy and $ 600 billion, but the US has imposed a 15 % tariff on their belongings. These agreements can cause damage to trade and work of these countries. It has also been informed by the Indian government that the discussion between the two countries is soon underway on the trade agreement, and if there is a trade agreement in the future, it will be better for both India and the US.