'Liberation Day' will be celebrated in America today to make tension for India, Trump's reciprocal tariff? - Tariff War Liberation Day is celebrated in America today

US President Donald Trump said that April 2 would be a liberation day, as he would declare rates or import taxes on this day to reduce America’s trade deficit and increase manufacturing. At the same time, India and America also work on bilateral trade agreement to increase two -side trade and investment. Pti, New -Delhi. India’s Ministry of Trade assesses different situations of impact of the Counter -Tariff that was implemented by the US from Wednesday. US President Donald Trump said that April 2 would be a liberation day, as he would declare rates or import taxes on this day to reduce America’s trade deficit and increase manufacturing. At the same time, India and America also work on bilateral trade agreement to increase two -side trade and investment. Domestic industries and exporters have expressed concern about the impact on the export of India on the US tariffs, as these fees cannot make Indian products competitive in the global market. The impact of US rates will differ on different regions. America is the largest commercial ally in India. At the same time, at the Oval Office on Monday, Trump said that India would significantly lower its tariff. Sources in New -Delhi said on Tuesday that the impact of the US tariff in different areas will differ and that the ministry is preparing its various situations. These conditions will help domestic companies to handle these rates, as they are not yet known how many and what kind of rates are made to America. According to the US Trade Representatives (USR) national trade estimation 2025, in addition to non-tariff sanctions, India places a significant export tax on all types of US products, including agricultural products, medicines and alcohol, etc. What is the difference between rates between the two countries? Whether it will be at the level of products, or will be based on countries, or it will be based on countries. Currently, US goods cost an average of 7.7 percent in India, while products sent from India are only 2.8 percent rate, which clearly shows a difference of 4.9 percent. This difference in the agricultural sector is even greater, as India pays a 5.3 percent fee for exports to be exported, while the US pays 37.7 percent fee for goods exported to India, which is a major difference of 32.4 percent. It also reads: ‘India is going to reduce tariff,’, the US president’s claim before April 2; Asked- Why didn’t you do this before? Every latest news and accurate information from the country and the world, every moment on your phone! Download now- Jagran app