US President Donald Trump calls India’s counter tariffing “Unacceptable” ahead of G20 Summit

The President of the United States, Donald Trump expressed displeasure over India’s imposition of retaliatory tariffs. Mr. Trump called them “unacceptable” and added that they must be withdrawn.

The US President tweeted his views this morning, and added that he was looking forward to discussing this matter with Prime Minister Narendra Modi. The two leaders have a bilateral summit scheduled on the sidelines of the G20 summit in Japan’s Osaka, tomorrow.

India earlier slapped tariffs on 28 US products earlier this month after the US withdrew preferential trade agreement on June 1st. According to the preferential trade status India could sell goods worth US$ 5.6 billion duty free.

The Republican President’s key work in office until now has been to reduce trade deficit. India and China are a couple of markets that have been impacted. The imposition of tariffs and counter tariffs has resulted in a trade war.

When the US Secretary of State, Mike Pompeo held day long talks with Foreign Minister Dr S Jaishankar, the US Government defended its decision to over tariffs. The meeting between the US President and Indian PM, would likely take forward the negotiations.

Source : Various