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US Trade Barrier Tarrif as American Economic Protectionism and rade Isolation or USA government Protectionist Policy as import taxes or Tariffs in imports. istock photo for BL
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With US President Donald Trump reminding trading partners in a social media post on Sunday that no country, especially China, was “off the hook” for unfair trade practices and non-monetary tariff barriers, India is drawing comfort from the fact that it is ahead of everybody else in striking a deal with the US as it started work as early as February this year.
New Delhi is hopeful that at the end of the 90-day pause period in Trump’s reciprocal tariffs, it will be able to persuade the US to give it a carve out based on the offers it makes to the US for tariffs cuts and the ground that gets covered in the India-US bilateral trade agreement (BTA) negotiations in the period.
“The US negotiating team is busy as many countries want to strike deals with them. But India is priority as it is ahead of everybody. Prime Minister Narendra Modi had the foresight of endorsing a BTA in February itself when he met Trump. Already one round of physical meeting has taken place between top officials and now there will be virtual talks,” a senior government official said.
Trump tariffs
Sweeping reciprocal tariffs were announced by Trump on April 2, in line with his threats, with India getting slapped with additional 26 per cent levies but many Asian rivals punished with much higher duties such as Vietnam (46 per cent), Thailand (36 per cent), Cambodia (49 per cent) and Bangladesh (39 per cent). China and the US got into a tariff war resulting in China’s products attracting 125 per cent tariffs in the US.
On April 9, Trump rolled back reciprocal tariffs on most countries for a 90-day period, including India, but not China.
“India is likely to offer some tariff cuts to the US in the next 90 days. Moreover, it will be clear by then what all India and the US agree to negotiate as par of the BTA. If the US is invested enough, there are hopes that a carve out may be extended and the reciprocal tariffs put off till the BTA was done,” the official added.
On Sunday, Trump posted on his social media platform ‘Truth Social’, that the tariff exemptions announced on April 11 on smartphones, computers and some other electronics (also on China) were not exceptions at all.
“Nobody is getting “off the hook” for the unfair trade balances, and non-monetary tariff barriers, that other countries have used against us, especially not China which, by far, treats us the worst! There was no tariff exception announced on Friday. These products are subject to the existing 20 per cent Fentanyl tariffs, and they are just moving to a different tariff bucket,” he posted.
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Published on April 14, 2025
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