Vicks57 Posted March 9 Posted March 9 (edited) Ajay Srivastava, founder of Global Trade Research Initiative, said US is exerting heavy pressure on India to accept trade demands that largely favour American interests. "Trump is insulting India publicly using wrong data. No balanced outcome is possible in such circumstances. India should withdraw from all negotiations and prepare to deal with them like other countries are doing," Srivastava said. This is patently incorrect and intended to pressurise India. India's silence is baffling and India needs to counter with facts. Whole world is watching as Trump and his officials belittle India every day," he added. US Commerce Secretary Howard Lutnick has also said that India needs to open its agriculture market, emphasising that it can not be 'off the table' when the country is negotiating with its largest trading partner. He has pitched for a macro, large and grand trade agreement with India, and not 'product-by-product' arrangement to promote bilateral trade According to a GTRI report, a comprehensive trade deal would open the door to US demands, not just on tariff reductions, but also on government procurement, agricultural subsidies, patent laws, and unrestricted data flows, all of which India has consistently opposed. However, agriculture, passenger cars, and other sensitive sectors must remain excluded," it said adding India must avoid making the same mistake as the auto sector contributes to one third of manufacturing GDP. Citing an example, it said Australia's domestic car industry collapsed after it reduced car import tariffs from 45 per cent to 5 per cent in the late 1980s. India exported less than USD 13 million worth of passenger cars to the US and if America increases tariffs on India cars, India will have no impact, it said. On opening the agri sector, Srivastava, who has earlier served in the department of commerce, strongly opposed this demand asserting that India's agriculture sector supports over 700 million people, compared to less than 7 million in the US, making it a livelihood issue rather than just a trade concern. "Opening even a few agricultural products to US imports could set a dangerous precedent, leading to increased pressure for further concessions," he said, adding tariffs on top US agricultural exports to India are already low. For instance, the import tariff on almonds is Rs 35 per kg, translating to just 5 per cent at the current import price of Rs 700/kg. Pistachios face a 10 per cent tariff, and ethyl alcohol only 5 per cent. "With India's total agriculture, dairy, and marine exports to the US amounting to just USD 5 billion, retaliatory US tariffs would not significantly harm India. If India concedes today, more products will be added to the US list in the future," he cautioned. On the US allegations that India is a tariff king, he said while New Delhi does have high tariffs on specific items, such as 150 per cent on wines and alcohol and 100 per cent on cars, the US itself imposes 350 per cent tariffs on tobacco. In terms of overall trade, the weighted tariff rates for US goods entering India are only 4.9 per cent higher than what the US applies to Indian products, he added. Further he said that US officials frequently misrepresent trade figures. For example, Trump claimed that the US trade deficit with India is USD 100 billion, whereas India's official data places it under USD 45 billion, he added. "Similarly, the White House fact sheet inaccurately stated that India imposes a 100 per cent tariff on Harley-Davidson motorcycles, when the actual tariff was reduced from 50 per cent to 30 per cent on February 1. It is painful, despite repeated provocations from the US, Indian Government or any industry association has not countered such misinformation," Srivastava said. He added that at a time when many nations are standing up to Trump's trade policies, India must do the same, focusing on long-term economic resilience rather than short-term appeasement. If the US rejects 'Zero-for-Zero' offer and imposes reciprocal tariffs, India should respond only if necessary, as trade data suggests that accurately calculated reciprocal tariffs will not hurt most industry sectors, he said Source: https://www.moneycontrol.com/news/business/india-should-withdraw-from-all-negotiations-with-us-engage-with-them-like-other-countries-gtri-12959614.html Trump is a rabid dog and must be castrated. Modi has already reduced some tariffs. Will he fully give up like a bitch? Edited March 9 by Vicks57
Vicks57 Posted March 9 Author Posted March 9 @mishra you said you wanted FTA with USA. It will collapse our agri and auto sector. Please do some research before voicing your opinions. @coffee_rules @Muloghonto @vvvslaxman @zen @ravishingravi @diga @raki05 @Bharath @Lone Wolf @Back2Cricket @IndianRenegade @Stan AF Mariyam 1
R!TTER Posted March 10 Posted March 10 I dunno if Modi will give up a lot of concessions to "protect" India but the US needs us more than the other way around. MS, Google, Apple, Meta, Amazon won't shut up their Indian shops just because Trump goes senile every odd/even day! So no * that orange menace we should protect our domestic companies at all costs Vicks57 1
Stan AF Posted March 10 Posted March 10 Trump has already said that India has agreed to reduce its tariffs. https://indianexpress.com/article/india/india-cut-tariffs-down-donald-trump-9874662/ Don't expect someone like Modi to stand up to trump. Vicks57 1
Vicks57 Posted March 10 Author Posted March 10 31 minutes ago, Stan AF said: Trump has already said that India has agreed to reduce its tariffs. https://indianexpress.com/article/india/india-cut-tariffs-down-donald-trump-9874662/ Don't expect someone like Modi to stand up to trump. That is already mentioned in the article. So far, the concessions made do not hurt us. Article is talking about further concessions in sectors
R!TTER Posted March 10 Posted March 10 (edited) 1 hour ago, Stan AF said: Trump has already said that India has agreed to reduce its tariffs. https://indianexpress.com/article/india/india-cut-tariffs-down-donald-trump-9874662/ Don't expect someone like Modi to stand up to trump. That's partly true to the extent that some of it was already planned, when we're allowing foreign EV makers to setup shop here we're also allowing exemptions for them to import some parts. This includes US & Chinese automakers, but it doesn't make sense to give them more concessions just because they're US based or from China. Heck you can't do that as it will violate WTO rules, what you do is to incentivize to make everything in India. Giving more leeway to any particular sector is also bad for us because eventually Tesla's probably gonna *in import CKD's from China & sell that at much more cheaper rates than anything they make in Mexico! Not sure if they actually make anything worth importing from the US' 50 states Edited March 10 by R!TTER
Stan AF Posted March 10 Posted March 10 Their food is definitely not worth importing. Lol. coffee_rules, Vicks57 and BacktoCricaddict 2 1
Vicks57 Posted March 10 Author Posted March 10 24 minutes ago, Stan AF said: Their food is definitely not worth importing. Lol. Forget quality, it will kill our agri sector and it says we have 70 million people employed in agriculture. Unemployment will be through the roof... It's about protectionism. Regarding quality, it's trash quality as you said. GMO and arsenic thanks to fracking
velu Posted March 10 Posted March 10 hope trump administartion whack indian customs and bring some sense to us indian import duty is fecking insane .. have to pay 38k import duty for a 50k watch .. funny or cruel thing is custom duty is paid on CIF ( cost , insurance and freight ) mishra and Vicks57 1 1
Muloghonto Posted March 10 Posted March 10 In Modi we trust. Man is shining example of progressive India, where a gujju promotes Hindi. He ain't a Hindi hating Hindu genocide wanting genocider named Tamil inbred one. So let's see what happens. mishra 1
coffee_rules Posted March 10 Posted March 10 6 hours ago, Stan AF said: Their food is definitely not worth importing. Lol. American Corn, potato, strwberries, avacados, can be grown in India. Chicken, Duck - there is no market for frozen meat in India. People buy from butcher shop who cuts the meat in front of them that they take home and eat. Also, never seen a Harley in India. Most young people these days buy Royal Enfield Bullet.
coffee_rules Posted March 10 Posted March 10 2 hours ago, velu said: hope trump administartion whack indian customs and bring some sense to us indian import duty is fecking insane .. have to pay 38k import duty for a 50k watch .. funny or cruel thing is custom duty is paid on CIF ( cost , insurance and freight ) Raees and their problens. You pay $15 for a plate of dli-Sambar, you will realize what we pay for aam junta.
Mariyam Posted March 10 Posted March 10 5 hours ago, Vicks57 said: Forget quality, it will kill our agri sector and it says we have 70 million people employed in agriculture. Unemployment will be through the roof... It's about protectionism. Regarding quality, it's trash quality as you said. GMO and arsenic thanks to fracking Our mainstay food items fall under essential items and are protected by putting up huge tariffs. Those can't be changed without a scheduled amendment. Rice, wheat, fruits, pulses, and some types of dry fruits. Where we can see market swamping is avocados, zuccinis and certain 'luxury' veggies. The mark up on 'healthy' food in India is huge. Many 'farmers' resort to hydroponics and charge 12-15x the price in say Singapore or Japan. This market will see competition and will get regulated. You won't see any large scale disruption even if we remove tariffs on these 'luxury' American foods. However, I don't see that happening at all. coffee_rules 1
mishra Posted March 10 Posted March 10 3 hours ago, velu said: hope trump administartion whack indian customs and bring some sense to us indian import duty is fecking insane .. have to pay 38k import duty for a 50k watch .. funny or cruel thing is custom duty is paid on CIF ( cost , insurance and freight ) He is actualy being too soft to Indians. With UK and EU they are saying they will match VAT with tarriffs. VAT is like GST applied to all propducts irrespective of origin Vicks57 1
velu Posted March 10 Posted March 10 55 minutes ago, coffee_rules said: Raees and their problens. You pay $15 for a plate of dli-Sambar, you will realize what we pay for aam junta. I just gave a simple example Indian tariffs are insane and someone needs to teach us some lesson coffee_rules 1
gattaca Posted March 10 Posted March 10 7 hours ago, Stan AF said: Their food is definitely not worth importing. Lol. India is already importing foods from US close to 25 million
Vilander Posted March 10 Posted March 10 3 hours ago, velu said: hope trump administartion whack indian customs and bring some sense to us indian import duty is fecking insane .. have to pay 38k import duty for a 50k watch .. funny or cruel thing is custom duty is paid on CIF ( cost , insurance and freight ) Goods and services tax. Govt says you need to buy available local good and thereby the local service to bring it to you. Now trump will do same to indian goods in the US.
Vicks57 Posted March 10 Author Posted March 10 (edited) 4 hours ago, velu said: hope trump administartion whack indian customs and bring some sense to us indian import duty is fecking insane .. have to pay 38k import duty for a 50k watch .. funny or cruel thing is custom duty is paid on CIF ( cost , insurance and freight ) I am pretty sure you have no trouble selling out our industries just for a *ing watch. Move around, bozo. Edited March 10 by Vicks57 mishra and velu 2
coffee_rules Posted March 10 Posted March 10 (edited) 13 minutes ago, Vilander said: Goods and services tax. Govt says you need to buy available local good and thereby the local service to bring it to you. Now trump will do same to indian goods in the US. tariff wars will not hurt much as what we import are high-end stuff with a niche market - American corn, avacados, luxury groceries for the rich like frozen meat, chicken and duck, those huge idaho potatoes that is not available in regular middle-class markets, etc. India can reduce duty taxes without impacting local produce. Edited March 10 by coffee_rules
Vicks57 Posted March 10 Author Posted March 10 1 minute ago, coffee_rules said: tariff wars will not hurt much as what we import are high-end stuff with a niche market - American corn, avacados, luxury veggies for the rich like frozen meat, chicken and duck, those huge idaho potatoes that is not available in regular middle-class markets, etc. India can reduce duty taxes without impacting local produce. Nobody buys frozen meat, chicken, * in India. There is no market for that. Your retard leader will say "India is not doing enough" mishra 1
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