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| Terrif between india and america |
The tariff issues between India and the United States primarily revolve around trade imbalances, market access, and import/export duties. Here’s an overview of the key points in their trade relations:
1. U.S. Concerns on Indian Tariffs:
- The U.S. has often criticized India for high tariffs on American products, particularly in sectors like agriculture, automobiles, and technology.
- Notable examples include:
- Automobiles: India imposes tariffs of up to 100% on imported cars.
- Technology: Tariffs on electronic goods and medical devices, such as stents, are a contentious issue.
2. India's Stand on Tariffs:
- India argues that its tariffs are within the limits set by the World Trade Organization (WTO).
- India also justifies its tariffs as a way to protect domestic industries and promote self-reliance under initiatives like "Make in India."
3. Generalized System of Preferences (GSP):
- In 2019, the U.S. removed India from its GSP program, which allowed duty-free exports of certain Indian goods to the U.S.
- This impacted Indian exporters, especially in sectors like textiles, jewelry, and pharmaceuticals.
4. Areas of Cooperation and Disputes:
- Energy: The U.S. exports crude oil and LNG to India, with minimal tariffs.
- Agriculture: India imposes high tariffs on products like almonds and apples, which the U.S. wants reduced.
- Steel and Aluminum: The U.S. has imposed tariffs on Indian exports under Section 232, which India has challenged at the WTO.
5. Recent Developments:
- In 2023, India and the U.S. worked on resolving some trade disputes through bilateral negotiations.
- Both countries aim to boost sectors like technology, defense, and renewable energy while reducing trade barriers.
Conclusion:
India and the U.S. have a complex trade relationship marked by cooperation and disputes. While tariffs are a contentious issue, both nations recognize the importance of strengthening their economic ties and have shown willingness to negotiate and resolve trade barriers.
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