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.
Tamil Nadu Chief Minister MK Stalin on Wednesday launched a major attack on the central governmen
The real reason behind Nikki Payala's painful death was the conservative thinking and narrow mind
US President Donald Trump has announced tariffs on many countries of the world, including India.
The government plans to introduce three bills in Parliament on Wednesday. These include the provi
The Lok Sabha passed the Waqf Amendment Bill by majority at around 1 am on Wednesday. 288 votes w
Pakistan's army chief General Syed Asim Munir has made a sharp statement against India and Hindus
Tanya Mittal is the most talked-about contestant of Bigg Boss season 19. From the very first day,
After the stampede at the Chinnaswamy Stadium, there was screaming and crying everywhere. Fans wh
'Modi ji you fight... we are with you', Muslim women came out in support of the Waqf Amendment Bill.
Today, the government will introduce the Waqf Amendment Bill 2024 in the Lok Sabha. Some are in f
Bollywood action hero Ajay Devgan is ready to make a blast once again. The second trailer of 'Son
