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Date: 25/03/2025

India will lower tariffs, but reciprocal duties on: US
 
The US believes that India will probably be lowering the tariffs it imposes on American goods but the administration will impose reciprocal charges on India, starting April 2, 2025, President Donald Trump has said. He said he has a perfect relationship with India, but the only problem was that it is one of the highest tariffing nations in the world, he added. Mr Trump also expressed his support for the India-Middle East-Europe-Economic Corridor (IMEC). India, meanwhile, hopes to negotiate a mutually beneficial, multi-sector bilateral trade agreement (BTA) to fend off Trump’s reciprocal tariff regime. Commerce and Industry Minister Mr Piyush Goyal was in Washington earlier this month for negotiations with the US Secretary of Commerce Mr Howard Lutnick and the United States Trade Representative Mr Jamieson, as per a report.
 
Source: Exim News Service: Washington, March 24



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