India to lower tariffs

India proposes tariff reductions to seal trade deal with Trump

In a strategic move to enhance bilateral trade relations, India has proposed significant tariff reductions on American imports and other benefits to finalize an agreement with the United States.

In an attempt to quell the effects of high tariffs initiated by President Donald Trump, India has offered sweeping concessions to ensure a trade deal within the next 90 days, as Breitbart reports.

India's trade strategy includes a sharp decrease in its tariff differential with the U.S., from 13 percent to just four percent, aiming to balance the current disparity.

With the World Trade Organization reporting India’s tariff at an average of 17 percent and the U.S.'s at 3.3 percent, the proposed change is substantial.

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