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  • Union Commerce and Industry Minister Piyush Goyal Dismisses Trump’s Import Tariff Proposal
    Posted on October 5th, 2024 in Exam Details (QP Included)

    Union Commerce and Industry Minister Piyush Goyal Dismisses Trump’s Import Tariff Proposal

    • Union Commerce and Industry Minister Piyush Goyal dismisses Trump’s proposal of a universal 20% import tariff on goods entering the U.S.
    • Goyal argues that Trump’s comments are campaign rhetoric, not affecting India-U.S. trade relations.
    • Goyal cites good relations with the administrations of Joe Biden, Donald Trump, and Barack Obama.
    • Trump described India as a “big abuser” in the U.S.-India trade context.
    • Goyal defended India’s tariff regime, referencing remarks made by former U.S. Trade Representative Bob Lighthizer.
    • Goyal argues that every country protects certain goods based on national interest and the offensive actions of other countries.

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