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India Willing to Reduce Tariffs Further to Woo US
Hindustan Times Noida
|March 10, 2025
Indian negotiators have expressed willingness to make deeper tariff cuts, including zero duty on some agricultural products, to help boost US-India trade to $500 billion by 2030, a goal set during Prime Minister Narendra Modi's summit with US President Donald Trump earlier this month, trade experts and officials advising the government have said, requesting anonymity.
NEW DELHI:
To ward off a potential trade war, the Indian side has signaled wide-ranging cuts in imports of cars, chemicals, electronics, pharmaceuticals and medical devices for a multi-sector bilateral trade with the US, an official with knowledge of the matter said on Sunday.
A team in Washington, led by commerce minister Piyush Goyal, is also trying to counter a negative perception among the Americans that India is a high-tariff nation, by citing recent examples of several changes in tariffs, a second official said.
This story is from the March 10, 2025 edition of Hindustan Times Noida.
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