FIEO Chief Disappointed Over US Tariffs

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00:0025% tariff on India is a little disappointing on us. We are constructively engaged with the US on

00:06the BTA. We are also not sure to know what will be the added penalty which he is talking about.

00:12But at least now we know that whatever we have to do is with reference to 25%. I think buyer and

00:19seller will start negotiating and to see what extent that can be absorbed. This in any case

00:25is for the limited period and as soon as India culminates the BTA these rates can be brought

00:31down also. So this is a little difficult situation as of now but I am sure in couple of days situation

00:38will be much clearer to all of us.