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Talks in last lap, India pushes US for access
Hindustan Times
|March 29, 2025
India's negotiators have indicated New Delhi is willing to further reduce tariffs on a host of American imports provided its action is reciprocated by Washington with preferential treatment such as exemption from the planned April 2 retaliatory tariff action, people aware of conversations between the teams of the two countries said.
India now expects some reassurances after having amply demonstrated that it treats America as a valued partner by reducing tariffs on products such as bourbon, motorcycles, ICT products and metals, they added, asking not to be named.
"India is willing to commit more. It can further reduce tariffs on host of American items while safeguarding its subsistence farmers and small industries. It is willing to address American concern of trade deficit with India through import diversion (for example sourcing more energy from the US instead of the Gulf region). But reciprocity is the key for 'mutually beneficial' trade relationship," one of the officials said.
The official added: "We expect that Washington would not club India with those with whom the US has serious issues such as illegal immigration and currency manipulation," one of the officials said.
Recently, India announced removal of the 6% Google tax (an equalisation levy on online advertisements). It is now awaiting American response, the people said.
This story is from the March 29, 2025 edition of Hindustan Times.
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