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Date: 24/01/2025

India looks for trade deal, more imports to counter Trump’s tariff threats

India is evaluating options ranging from a trade deal, cutting tariffs and importing more goods from the US if Trump follows through with threatened trade action. Officials have sketched out various scenarios to counter any steps a new Trump administration may take to narrow India’s trade surplus with the US, which was $35.3 billion for the year ended March 31. The US was India’s largest trading partner for the period. Among the options discussed, the government could buy more whiskey, steel and oil from the US. It could also reduce some import tariffs, with officials drawing up a list of likely products such as bourbon whiskey and farm goods like pecan nuts. One of the proposals being considered is to reduce duties on goods imported from US states that are politically important for the Republican Party, as per a report. 
 
Source: Exim News Service: New Delhi, Jan. 23



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