US President Trump announces 25 per cent tariff on India from Aug 1
Washington, Jul 30 (PTI): US President Donald Trump has announced a 25 per cent tariff on India from Aug 1, amid signs of some stalemate in the ongoing negotiations between the two countries on a bilateral trade deal.
Trump, announcing the tariff, listed India's high tariffs, its procurement of "vast majority" of military equipment and energy from Russia as well as "obnoxious non-monetary trade barriers".
India will be paying a "tariff of 25 per cent plus a penalty" from August 1, he said, adding "we have a massive trade deficit with India".
The US president, in a social media post, however, described India as a "friend". While India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the "highest" in the world, and they have the "most strenuous and obnoxious" non-monetary trade barriers, he said.
Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of energy along with China, at a time when everyone wants Russia to stop the killing in Ukraine, he said.
"All things not good! India will therefore be paying a tariff of 25 per cent plus a penalty for the above starting on August 1," the US president said.
There is no immediate reaction from India on Trump's announcement.
A team from the US is scheduled to visit India next month for the next round of negotiations for the proposed bilateral trade agreement.
India and the US teams concluded the fifth round of talks for the agreement last week in Washington.
India's chief negotiator and special secretary in the Department of Commerce Rajesh Agrawal and Assistant US Trade Representative for South and Central Asia Brendan Lynch held the deliberations.
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Delegation requests for Karnataka HC Bench in coastal districts, hands petition to Chief Justice
Udupi: A delegation of the High Court Bench Struggle Committee met and submitted a petition to the Karnataka High Court Chief Justice Vibhu Bakhru at the Circuit House urging the opening of a High Court Bench in the coastal belt as well as a Mobile High Court Bench in Mangaluru.
MLC and convener of the Committee Ivan D’Souza, who spoke to the Chief Justice on the occasion, explained that the people of the coastal belt find it difficult to travel to Bengaluru to fight a petition in the High Court. The problem only aggravated during monsoon. D’Souza added that there was a delay in clearing the cases of Udupi, Chikkamagaluru and Kodagu districts, which was causing further inconvenience to the people.
The MLC, who pointed out that Chief Minister Siddaramaiah had also shown his preference for establishing a High Court Bench in the coastal region, requested for an approval to establish a Mobile High Court Bench first.
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Responding to this request, Chief Justice Bakhru assured to take action on the request as soon as possible.
The delegation included Mangalore Bar Association President Raghavendra HV, Dakshina Kannada Principal Government Pleader MP Noronha, General Secretary Sridhar H, Udupi Bar Association President Reynold Praveen Kumar, General Secretary Chandrashekhar Shetty, Vice-president Devadas V Shettigar and Brahmavar Bar Association President Kadoor Praveen Shetty.
