Donald Trump, India and Tariff Regime
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US and China reach a deal to slash sky-high tariffs for now
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India is offering to slash its tariff gap with the US by 9% to avoid Trump’s hikes & secure a $129B trade deal, while seeking tech ally status.
India has reserved the right to impose retaliatory duties on US goods due to steel and aluminum tariffs, but may resolve the issue through ongoing bilateral trade agreement (BTA) negotiations.
The move would mean that the average tariff differential between India and the U.S. would be reduced by 9 percentage points, in one of the most sweeping changes to bring down trade barriers in the wor
India's trade minister Piyush Goyal will lead a trade delegation to the United States starting May 16 to advance trade negotiations, two government officials said on Tuesday, as both countries push for a bilateral trade pact.
President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.
The threat by the U.S. of imposing elevated tariff on imports from Sri Lanka into the U.S. has thrown uncertainty into CEAT Ltd.'s plans to expand its presence in the U.S.