Trade talks or trade war! U.S. furious over 150% duty on American liquor

The White House has raised enterprises over India's steep import tariffs on U.S. products, particularly a 150% duty on American alcoholic potables and a 100% tariff on agrarian goods. The Biden administration is nearly covering the situation, with officers considering complementary trade measures to fight these high duties.

India's Tariff reduction on Bourbon whiskey

In a move seen as an attempt to ease pressures, India lately lowered its tariff on bourbon whiskey from 150% to 100%. This reduction, effective from February 13, is anticipated to profit American whiskey brands similar as Jim Beam, which have been floundering with high import costs in the Indian request.

Trump’s warning on BRICS Tariffs

Despite India's tariff adaptations, former U.S. President Donald Trump has reiterated his station on trade imbalances, advising that the U.S. could put a 100% tariff on significances from BRICS nations, including India. His strong rhetoric underscores Washington’s drive for fairer trade programs and a more balanced profitable cooperation.

India- U.S. trade accommodations afoot

Indian Commerce Minister Piyush Goyal is presently in Washington, engaging in conversations with U.S. officers to address trade enterprises and explore implicit agreements. The outgrowth of these accommodations could significantly shape the future of trade relations between the two nations.