India Pursues Tariff Reductions to Strengthen U.S. Trade Relations

India is negotiating to lower tariffs to improve relations with the U.S. President. The country is considering reducing tariffs on $23 billion of U.S. imports and has taken additional steps, such as increasing energy purchases and slashing taxes on digital ads. Talks focus on finalizing an early trade deal amid ongoing tariff disputes.

India is actively seeking to reduce tariffs as part of its efforts to build a positive relationship with United States President Donald Trump, who has criticized India as a “tariff king”. The two nations have commenced discussions to establish an early trade deal and address existing tariff disputes. Reports indicate that India is prepared to lower tariffs on over half of the approximately $23 billion worth of U.S. imports.

India’s proactive approach to tariff reductions and trade negotiations signifies its intention to strengthen ties with the United States, moving towards mutually beneficial agreements. The measures taken, including scrapping certain taxes and slashing tariffs, illustrate India’s commitment to resolving trade challenges and enhancing bilateral relations with the U.S.

Original Source: www.business-standard.com