Govt Weighs Tariff Cuts as Trump Duties Loom

Authorities May Cut Duties on Cars, Farm Goods, Chemicals, and Medical Devices

- Bloomberg

Officials are exploring ways to lower tariffs on a wide range of imports, including cars and chemicals, in a bid to evade US President Donald Trump's threatened reciprocal levies, according to people familiar with the matter.

Officials in New Delhi are discussing reducing duties for automobiles, some agricultural products, chemicals, critical pharmaceuticals, as well as certain medical devices and electronics, the people said, asking not to be identified as the plans aren't finalized.

The proposals would go much further than previous tariff reductions already unveiled by Prime Minister Narendra Modi's administration in recent weeks, like on high-end motorcycles and bourbon whiskey—goods exported by the US to India, but while politically important for Trump, aren't sold in large volumes in the South Asian nation.