North India Statesman
[ad_1]
News India Live, Digital Desk: In the last few years, we have seen how wonderful the bonding has been between Prime Minister Narendra Modi and Donald Trump. Be it the ‘Howdy Modi’ program or ‘Namaste Trump’ in Ahmedabad, the chemistry between the two leaders caught the attention of the entire world. But, a question often remains in the minds of people that when the friendship was so deep, then why the big trade deal could not be made between India and America, which was discussed everywhere?
Now this secret has been revealed and by none other than Trump’s very special person and his chosen one as his next Commerce Secretary. howard lutnik Has spoken openly on this.
Where did the matter get stuck?
Howard Lutnick recently said that it was not just about friendship, it was about principles and ‘fair trade’. According to Lutnick, Donald Trump has a simple plan: “If we are charging zero tax on goods from you, then you should also expect the same from us.”
became the biggest reason for stalling the matter ‘Reciprocal Tariffs’Trump wanted that if America is opening its doors to Indian products, then India will also have to reduce its high duty on American goods,
That famous story of Harvey Davidson
You might remember, Trump often mentioned the ‘Harvey Davidson’ motorcycle in his speeches. He had said that when this bike goes to India from America, heavy tax is imposed on it, due to which it becomes very expensive there. Lutnik revealed that PM Modi had also assured to reduce these taxes during the talks. Even Modi ji had told Trump that he would work on it, but Trump was just not happy with the cut. He wanted the tariff structure to be equal on both sides.
Modi ji’s own compulsion and Trump’s own insistence
It is not easy for a developing country like India to suddenly remove taxes because it is necessary to save the domestic industries here. At the same time, Trump’s ‘America First’ policy said that if any country imposes higher taxes on us, we will also not keep quiet. This was the tug-of-war due to which the world’s two largest democracies could not reach a signed deal.
What will happen next?
Now that Donald Trump is once again preparing to take charge of America, everyone’s eyes are on whether this trade deal will be completed this time? It is clear from Howard Lutnick’s words that the Trump administration will come with more preparation this time. This is both a big challenge and an opportunity for India, because America now wants to reduce its dependence on China.
The bottom line is that international relations are not based on just hugging or taking photographs; business interests are kept above all else. Now it will be interesting to see what new this ‘second innings’ of Modi and Trump brings for the business of both the countries.
