A tax cut for India given to India
The United States has decided to suspend a tax concession granted to India.
Foreign media reported that President Donald Trump has decided to enforce it from the next day.
US President Donald Trump has decided to remove preferential tariff concessions to India.
President Tampoe says that India has failed to take advantage of duty concessions.
On the basis of trade and economic development, no duty was imposed on 120 developing countries.
Those countries include India.
However, it is expected that India’s cars and motorcycles are likely to be exported in the wake of President Trombe’s decision.
According to foreign media reports, India exported goods worth US $ 5.6 billion annually to the US.
In response, Indian authorities have drawn attention to impose taxes on US goods.
According to the critics, Prime Minister Modi and the new government would be influenced by India after the general election.
India and the United States began trade talks after the imposition of taxes between 10% and 25% on steel and aluminum imports in June.
India has planned to impose taxes against the US tax burden, but India has not taken any steps to implement the tax concessions of both parties.
