
News Topical, Digital Desk : The tussle between India and America over tariffs continues. US President Donald Trump has imposed a massive 50 percent tariff on India. Now US Commerce Minister Howard Lutnick has said that India claims 1.4 billion people, but will not buy even a small amount of corn from America. He stressed that New Delhi will have to reduce its tariffs, otherwise it will face a tough time doing business with America.
Lutnick made the remarks during an interview on Saturday when asked whether the US was mismanaging "extremely valuable relationships" with "important allies" such as India, Canada and Brazil through the tariffs imposed on these countries.
They sell us everything and don't buy our maize - Lutnik
"This relationship is one-sided, they sell to us and exploit us. They block us from our economy, and they sell to us while we are wide open for them to come in and exploit. The president says, 'fair and reciprocal trade.' India brags that it has 1.4 billion people. Why wouldn't 1.4 billion people buy a bushel of corn from the United States? Doesn't it bother you that they sell us everything and don't buy our corn? They put tariffs on everything," Lutnick said.
He further said that President Donald Trump has said, "Lower your tariffs, treat us the way we treat you."
We have to correct the mistakes that have been made over the years - Lutnik
The Commerce Secretary further said, "We have to correct the mistakes that have been made over the years, so we want the tariffs to stay on the other side until we fix it."
"That's the president's model, and either you accept it or you're going to have a hard time doing business with the world's largest consumer," Lutnick said.
Trump imposed 50 percent tariff on India
The Trump administration has imposed a 50 per cent tariff on India, including a 25 per cent tariff on Delhi's purchase of Russian oil, one of the highest imposed on any country in the world.
India has called the US move "unwarranted, unjustified and unwise". Defending its purchase of crude oil from Russia, India has been saying that its energy purchases are driven by national interest and market dynamics.
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