Government reacts to Trump's tariff announcement, says studying its implications

India Today

The government on Wednesday said it is studying the implications of US President Donald Trump's announcement to impose 25 per cent tariffs on Indian goods, along with a penalty from August 1.

Transcript

00:00and we're getting the first response of the narendra modi government the government we are

00:10told has taken note of the statement by the u.s president on bilateral trade the government is

00:15studying its implications india and the u.s have been engaged in negotiations on concluding and

00:21this is significant fair balanced and mutually beneficial bilateral trade agreement over the

00:26last few months and we remain committed to that objective i quickly want to bring in india today's

00:31aishwarya paliwal for more on this aishwarya five rounds have already happened apparently uh end

00:39august there's another round but then suddenly midst of all this donald trump talks about 25

00:45coercive tactics oh yes definitely you know uh uh you've spoken with a lot of people here in

00:54parliament with the government talks when all of them at the moment believe that these are just

00:57tactics these are just arm twisting tactics which are being deployed by the u.s president donald trump

01:02as the government has also said out in the first statement which is coming out the implications are

01:07at the moment being studied what is it that india can actually do that's also something which is now

01:11being very closely looked at expect something coming in from the indian government especially

01:15from the commerce ministry in the next 24 hours because that's all is something that the government

01:20at the moment is looking at what will be the implication of these things and how will india

01:24make sure that it protects itself because that is something that the indian government has been very

01:29very clear about and that's the reason why you are seeing such tug of war taking place if india would

01:34have actually agreed on to the terms of donald trump then we would not have seen these kind of

01:38adjustments coming in so on one side one thing that is very clear god of is the fact that the indian

01:42government is not backing down and that's the reason why we are seeing this statement coming in from the

01:47english president donald trump for india to back down on anything it has to be win-win for both

01:52aishwarya for the moment many thanks for joining me

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