WASHINGTON: US Commerce Secretary Howard Lutnick on Monday voiced optimism for a trade deal soon with India to avoid tariffs threatened by President Donald Trump.
\n\u201cYou should expect a deal between the United States and India in the not too distant future,\u201d he told the US-India Strategic Partnership Forum, which promotes relations between the two countries, calling himself \u201cvery optimistic.\u201d
\nTrump has set a delayed deadline of July 9 for countries to avoid sweeping tariffs, as he seeks to shake up the global economy to correct what he says is unfairness to the United States.
\nLutnick, a strong advocate of tariffs, said he was a \u201cgreat fan\u201d of India \u2014 but voiced longstanding concern about the emerging economy\u2019s use of tariffs.
\nOn tariff negotiations with India, \u201cbringing them down to a level that is reasonable and appropriate so we can be great trading partners with each other, I think is absolutely on the table,\u201d Lutnick said.
\n\u201cThere were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, they generally buy military gear from Russia,\u201d he said.
\nBut he said that Trump believed in raising concerns and \u201cthe Indian government is addressing it specifically and directly.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON: US Commerce Secretary Howard Lutnick on Monday voiced optimism for a trade deal soon with India to avoid tariffs threatened by President Donald Trump. \u201cYou should expect a deal between the United States and India in the not too distant future,\u201d he told the US-India Strategic Partnership Forum, which promotes relations between the two …<\/p>\n","protected":false},"author":4,"featured_media":81969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-81952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/81952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=81952"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/81952\/revisions"}],"predecessor-version":[{"id":81970,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/81952\/revisions\/81970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/81969"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=81952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=81952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=81952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}