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India Offers to Cut Tariff Gap to Seal US Trade Deal
Financial Express Lucknow
|May 10, 2025
IT LOWERS AVERAGE British tariffs on US goods but keeps in place the 10% base tariff imposed by Washington on British goods, likely setting a template for Washington's approach with other trading partners.
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IT LOWERS AVERAGE British tariffs on US goods but keeps in place the 10% base tariff imposed by Washington on British goods, likely setting a template for Washington's approach with other trading partners. Last month, Trump announced a 90-day pause on his long-planned reciprocal tariffs on global trading partners, including a 26% tariff on India, while his administration negotiates trade deals. A 10% base tariff continues to apply to India and many other nations during the pause.
This story is from the May 10, 2025 edition of Financial Express Lucknow.
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