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.
Chief Minister Yogi Adityanath said that patience and unity are our biggest assets during a natio
There has been a ruckus in Karnataka over the release of famous actor Kamal Haasan's upcoming fil
India-US Tariff War: India takes tough stand on threats...diplomatic relations may get derailed
India has also adopted a tough stance on repeated threats by US President Donald Trump to buy oil
'Husband is rich, get me 12 crore rupees and BMW, ' SC questions woman when she asks for alimony.
While hearing a case on Tuesday, the Supreme Court said that educated and capable women should st
Karnataka Police has filed an FIR against cricketer Virat Kohli's pub, One8 Commune in Bengaluru.
Indian captain KL Rahul admitted that India's inability to score enough runs in the death overs c
Zubeen Garg's footprints, taken before the funeral, were preserved as a tribute
The death of Assamese singer Zubin Garg while scuba diving in Singapore has shocked everyone. He
The Mumbai Police's Economic Offences Wing (EOW) questioned Bollywood actress Shilpa Shetty for a
Indian team fast bowler Mohammed Siraj gave a befitting reply to a journalist who described his p
Shubman Gill: 'Wouldn't be surprised if Gill becomes T20 captain', says former England spinner
Former England spinner Monty Panesar has praised the decision to hand Shubman Gill the captaincy
