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standard chartered wealth management ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!As US president-elect Donald Trump on Wednesday asserted that the world’s largest economy would charge taxes (import tariffs) on India on a strictly reciprocal basis, experts here said the move would force open negotiations for greater market access between the two countries.While Trump talked of reciprocity, product-to- product parity on tariffs is not possible because items of export for both countries are not the same as imports, they pointed out.

standard chartered wealth management ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!One form the US action could take was matching the tariffs thatIndiaimposes on some US products with a similar burden on some other products that India sells to the US.Trump’s comments that India imposes tariffs of 100% are also misleading, they noted.

standard chartered wealth management ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!Only in some select products like automobiles and wines and spirits that the tariffs reach that level.

Even the US has over 100% tariffs.The outgoing Biden administration has imposed 100% tax on Chineseelectric vehicles.

“India’s average tariff stands at 17%, significantly higher than the US’s 3.3%, but comparable to countries like South Korea (13.4%) and China (7.5%),” an analysis by Global Trade Research Initiative (GTRI) said.While the incoming US President singles out countries for warnings on tariffs, the World Trade Organisation’s (WTO) rules do not allow for country-specific import duties.

standard chartered wealth management ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!Behind the talk on tariffs the intent of the US will be to seek greatermarketaccess for products of interest to them, director general and chief executive officer of Federation of Indian Export Organisations (FIEO) Ajay Sahai said.

“India has to be ready for negotiations on some products of interest to the US.”The US is not a big exporter of manufactured products to India.

standard chartered wealth management ✌️【365vc.net】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!Within manufacturing the largest imports by India are of aircraft parts.

US biggest exports to India arecrude oil, coal, natural gas and diamonds.

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