New Delhi, July 30 (JKNS): The Government of India on Wednesday said it has taken note of a statement made by the US President on bilateral trade and is studying its implications.
In an official statement, the Ministry of Commerce and Industry as per news agency JKNS said that India and the US have been engaged in negotiations over the past few months to conclude a “fair, balanced and mutually beneficial bilateral trade agreement” and remain committed to achieving that objective.
The Government emphasized that it attaches the utmost importance to protecting and promoting the welfare of farmers, entrepreneurs, and MSMEs. “All steps necessary will be taken to secure our national interest, as has been the case with other trade agreements, including the latest Comprehensive Economic and Trade Agreement with the UK,” the statement said.
Earlier, US President Donald J. Trump announced 25% tariffs on India, starting August 1. (JKNS)
