India seeks exemption from US baseline tariff

Negotiations in Top Gear

- Rajeev Jayaswal

NEW DELHI: The fate of the 10% baseline tariffs that the Trump administration applied on imports from all countries starting April 5 is among the issues now at the heart of negotiations between New Delhi and Washington as they attempt to hammer out an early tranche of the trade deal, people aware of the matter have said.

Delhi is not in favour of replicating, as suggested by the American negotiators, the approach in the trade deal struck between the US and the UK, where British goods are still subject to the baseline tariffs, these people added.

According to a person with direct knowledge of the discussions, Indian negotiators are pushing for their American counterparts to remove the baseline 10% rate as well as commit to assurances that the additional 16%, due to be implemented on July 9, will be left off.