India Proposes Tariff Reductions on U.S. Agricultural Imports to Enhance Trade Relations

Politics ADVERTISING, ASIA, CANADA, COOKIES, DATA COLLECTION, EUROPEAN UNION, HOME NEWS BUSINESS, INDIA, MONEYCONTROL, NORTH AMERICA, PERSONALIZATION, PRIVACY, REUTERS, TRUMP, U. S, US Dante Raeburn March 28, 2025

India Proposes Tariff Reductions on U.S. Agricultural Imports to Enhance Trade Relations

India is proposing tariff cuts on over half of U.S. agricultural imports, aiming for a trade agreement with the Trump administration. Negotiators are expected to finalize details for the first phase of the deal by fall 2025.

India has proactively proposed tariff reductions on agricultural imports from the United States, showing a willingness to engage with the Trump administration. This initiative involves cutting tariffs on over 50% of U.S. agricultural products, amounting to $23 billion. Unlike other countries such as China, Canada, and the European Union, India is aiming for a constructive relationship to enhance trade ties.

Negotiators from both countries are anticipated to reach consensus on the overall framework of the first phase of a bilateral trade agreement. This agreement is projected to be established by the fall of 2025. Sources indicate that these discussions aim to lay the groundwork for expanded trade cooperation.

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India’s strategic move to cut agricultural tariffs demonstrates its intention to foster stronger trade relations with the United States, diverging from the approaches of other nations. As negotiations progress towards a potential agreement by fall 2025, this could signal a significant development in U.S.-India trade dynamics. The ongoing discussions underscore India’s commitment to enhancing economic partnerships while seeking beneficial agreements.

Original Source: www.moneycontrol.com