WASHINGTON: US Commerce Secretary Howard Lutnick on Monday (Jun 2) voiced optimism for a commerce deal quickly with India to keep away from tariffs threatened by President Donald Trump.
“You must count on a deal between the US and India within the not-too-distant future,” he informed the US-India Strategic Partnership Discussion board, which promotes relations between the 2 nations, calling himself “very optimistic.”
Trump has set a delayed deadline of Jul 9 for nations to keep away from sweeping tariffs, as he seeks to shake up the worldwide financial system to appropriate what he says is unfairness to the US.
Lutnick, a powerful advocate of tariffs, stated he was a “nice fan” of India – however voiced longstanding concern in regards to the rising financial system’s use of tariffs.
On tariff negotiations with India, “bringing them all the way down to a degree that’s cheap and applicable so we might be nice buying and selling companions with one another, I feel is completely on the desk”, Lutnick stated.
“There have been sure issues that the Indian authorities did that typically rubbed the US the flawed manner. As an example, they often purchase navy gear from Russia,” he stated.
However he stated that Trump believed in elevating issues and “the Indian authorities is addressing it particularly and immediately”.
