India-US trade agreement terms signed..!?

frame India-US trade agreement terms signed..!?

Sowmiya Sriram
India-US trade agreement terms signed..!?

donald trump has been issuing drastic orders every day since taking office as US President. He has been threatening to impose retaliatory tariffs on countries that impose tariffs on American goods. Canada, Mexico, european countries, and china have been deeply dissatisfied with his tariff announcements. trump has continued to complain that india is also imposing high tariffs on American goods. US President donald trump announced that additional tariffs on international trading partners will be temporarily suspended for the next 90 days. However, the 10 percent basic tariffs that he has already imposed will continue to be in effect. However, the trade war between china and the US has not ended. trump has imposed a 145 percent tariff on this country. In response, china has imposed a 125 percent tariff on American goods.
 If the world's two largest economies, the united states and china, continue with mutual tax measures for 6 months, the economies of both countries will be severely affected. As a result, economists have predicted that the global economy will also be disrupted. In this regard, an indian trade official has informed that india and the united states have signed the first phase of the bilateral trade agreement. That is, india and the united states agreed in february to start the first phase of the trade agreement to be concluded by the end of this year, with the aim of increasing bilateral trade to $ 500 billion by 2030. That is, the two countries agreed in february to increase the trade value between the two countries to 500 billion US dollars (660 billion shillings) by 2030.
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