Union Commerce Secretary Sunil Barthwal on Monday told the Parliamentary Committee on Foreign Affairs that talks between India and the US are still going on and no agreement has been reached on trade tariffs yet.
Talks on bilateral trade between the two countries
Several members of the committee expressed concern over US President Donald Trump's claim that India has agreed to reduce tariffs. On this, Barthwal said that no one should trust the US President's claims and media reports as talks on a bilateral trade agreement between the two countries are still going on. India has not expressed any commitment to the US on trade tariffs.
India in favor of free and liberal trade
Sources said that the Commerce Secretary also said that the country's interests will be taken care of during the trade talks. India is in favor of free and liberal trade which will help in increasing trade between the two countries. Tariff war will not benefit any country including America, rather it can lead to recession.
US security concerns
When some members questioned why India was not raising its voice against the tariffs like Canada and Mexico, the commerce secretary said there could be no comparison between the two countries as the US has security concerns and border immigration issues with them.
Important for the domestic economy
Barthwal said India would sign mutually beneficial agreements and protect industries that are important for its domestic economy. He said developing countries cannot reduce tariffs on everything. India can reduce tariffs bilaterally and reciprocally, but not multilaterally, which is why bilateral trade agreements are being negotiated.
The spread of swine flu or H1N1 virus infection has increased rapidly in eight states of the coun
BJP is currently going through its golden period. One after the other, it is continuously winning
Amid growing tensions between India and Pakistan, Balochistan's independence has been declared. B
What did Kunal Kamra say to Shinde that created a ruckus; now the police have filed a case.
Maharashtra politics has become bitter over the comments of comedian Kunal Kamra. Many Shiv Sena
After the terrorist attack in Pahalgam in South Kashmir, many major decisions have been taken in
Curfew has been imposed in 11 police station areas of Nagpur after violence erupted due to agitat
Assembly elections are going to be held in West Bengal in 2026 and the political temperature has
In the 30th match of IPL 2025, CSK team defeated Lucknow by 5 wickets and achieved their second v
'If we are attacked, then...', S Jaishankar's big statement in front of Iran's Foreign Minister
Tension continues between India and Pakistan. India has attacked 9 terrorist bases of Pakistan. N
Uttar Pradesh Chief Minister Yogi Adityanath has strongly criticized the objectionable statement