टैरिफ पर कोर्ट के फैसले से भारत-US डील पर पड़ेगा असर? ट्रंप बोले- पीएम मोदी महान व्यक्ति लेकिन… – trump on india us trade deal after supreme court tariff ruling ntc rlch
US President Donald Trump has clearly said that despite the recent decision of the US Supreme Court, there will be no impact on the India-US trade agreement. This statement has come at a time when the US Supreme Court has repealed the global reciprocal tariff imposed by Trump with a majority of 6-3. The court said that under the International Emergency Economic Powers Act (IEEPA) of 1977, the President has not been given the power to impose import duty.
After this decision of the court, in a press conference, Trump raised questions on the role of judges and said that some judges have bowed down to foreign forces. During this, in response to a question regarding India-US trade deal, Trump said, ‘The deal with India is that they will give tariffs. This is the opposite of the situation that existed earlier. Prime Minister Modi is a great person, but he America Were quite smart against. India was looting us. Now we have made a fair agreement. We are not giving them tariffs and they are giving them to us. “We flipped it a little.”
Trump said that the relationship between him and Prime Minister Narendra Modi is excellent. He said, ‘I think my relations with India are very good and we are doing business with India. India moved out of Russia. India was taking its oil from Russia. And they pushed back a lot at my request, because we want to end that terrible war (Russia-Ukraine) in which 25,000 people are dying every month.
India-PAK ceasefire claim reiterated
After this, Trump repeated the claim that he had stopped the war between India and Pakistan by using tariffs last year. Trump said, ‘There was a war going on between India and Pakistan, 10 planes had been shot down. That war might have turned into a nuclear war. I told both the countries that if you want to fight then it is fine, but you will not be able to trade with America. I warned of imposing 200 percent tariff on both the countries. After this he called me and said that we have reached a peace agreement.
He also claimed that Pakistan Prime Minister Shehbaz Sharif said in the Gaza Peace Board meeting that Trump saved the lives of 35 million people.
Tariffs at the center of controversy
Let us tell you that during his tenure, Trump has made tariffs the main tool of economic and foreign policy. They argue that this improves the trade imbalance and provides security to American industries. However, the Supreme Court reiterated in its decision that under the US Constitution, Congress has the right to impose taxes and tariffs, not the President.
Describing the Supreme Court’s decision as terrible and completely flawed, Trump said that he was embarrassed by some members of the court. He said the Supreme Court’s decision only limits tariff collection, but does not ban other types of trade restrictions. He said, ‘I will take even stronger decisions.’
Will America refund the tariffs charged?
On the question of refund of revenue collected from tariffs, Trump said that this matter could go on in the courts for years to come. He said, ‘We have recovered hundreds of billions of dollars, not millions, hundreds of billions. Now the question is what will happen to that money? This issue was not even discussed in the decision. “I think this case will continue in the courts for the next two years or maybe five years.”
Also read: American court considered the tariff illegal… Know what options President Trump has now
Signing of interim agreement possible in March
Let us tell you that the trade deal between India and America is in the final stages. Commerce and Industry Minister Piyush Goyal said on Friday that the interim trade agreement between India and America can be signed in March and it can be implemented from April. In fact, earlier this month, New Delhi and Washington had released a framework for the first phase of a bilateral trade agreement. The chief negotiators of both the countries will meet in Washington next week to finalize the agreement. The three-day talks will start from February 23.
US Trade Representative Jamieson Greer is expected to visit India in March, where he will formally sign the agreement. Under the proposed arrangement, America has announced to reduce the reciprocal tariff on Indian goods from 25% to 18%. Besides, 25% punitive tariff imposed on India for purchasing crude oil from Russia has also been removed.
This relief is being considered a big relief for Indian exporters, because earlier they were facing total duty up to 50%. Goyal expressed hope that the Trump administration will formalize the 18% tariff rate by issuing an executive order this month.
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