The US Ambassador to India, Sergio Gor, has confirmed that only an 18% tariff will be levied on goods manufactured in India. This development came after President Trump and PM Modi conversed on Monday evening, prompting a reduction in the tariffs imposed on India. However, there was some uncertainty whether the US lowered just the reciprocal tariff or the overall tariff to 18%.
For clarity, India Today conducted an exclusive interview with Sergio Gor. When asked about the extent of the tariff reduction, Gor clearly stated that the final figure would be 18%, meaning a total tariff of just 18% on India. But the full implementation of this number might take some time.
In fact, the US has imposed an additional tariff of 25% on India due to its oil purchases from Russia. Gor clarified that if India ceases to buy oil from Russia, the overall tariff will be 18%, effectively lowering the tariffs from a total of 50% to 18%.
However, Gor emphasized that achieving this final 18% tariff figure would take time due to necessary paperwork and technicalities. The process will also consider India's stance on Russia, but eventually, the final number will be 18%.
See also:
Source: aajtak
What Gor Said About Modi and Trump
Gor remarked that he has frequently stated how much President Trump respects Prime Minister Modi, considering him a friend. This recent decision by the US underscores that claim. Gor added that India and the US enjoy an excellent relationship, which is only strengthening under the leadership of Trump's and Modi's administrations.
The Story Behind India Today's Magazine Cover
President Trump's announcement on America's decision was accompanied by a picture of India Today's magazine cover. Sergio Gor shared an amusing anecdote about it. He mentioned attending a meeting where he saw an exceptionally beautiful cover, photographing it and sending it to President Trump. Little did he know, the President would share it online.'
