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Date: 28/01/2025

India explores multi-layered strategy to meet Trump’s aggressive trade agenda
 
India is preparing a multi-pronged strategy to counter any potential economic fallout as US President Donald Trump ramps up his trade agenda. The government is exploring measures ranging from reducing tariffs to importing more US goods, aiming to ease tensions and maintain healthy trade relations with its largest trading partner. For the fiscal year ending March 31, 2024, India reported a $35.3 billion trade surplus with the US, making the relationship economically significant. However, Trump’s recent threats of increased tariffs on countries with trade surpluses, including those in the BRICS group, have raised alarms in New Delhi. One measure under consideration is reducing import tariffs on specific goods such as bourbon whiskey, pecan nuts and agricultural products. Additionally, India may increase its imports of US whiskey, steel, oil and other commodities to help narrow the trade imbalance, as per a report.
 
Source: Exim News Service: New Delhi, Jan. 27



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