India's tariff cuts align with past trade pacts, not Trump pressure: Sources
2 weeks ago

India's tariff cuts align with past trade pacts, not Trump pressure: Sources

India Today  

With less than a month to go for US President Donald Trump's April 2 deadline to impose reciprocal tariffs on India, highly-placed sources have defended New Delhi's move to significantly reduce tariffs as part of the country's broader efforts to advance trade ties with developed nations via bilateral agreements. The US is India's largest trading partner, with bilateral trade reaching a record $118.2 billion in the last financial year. TRUMP'S RECIPROCAL TARIFF THREAT During his first joint address to the US Congress as President, Trump promised to impose reciprocal tariffs from April 2 on most of Washington's trading partners, including India, for "having trade policies that are unfair to Americans". Echoing the President, US Commerce Secretary Howard Lutnick on Friday stressed that India has some of the highest tariffs in the world, necessitating a reassessment of the trade relationship to determine the future course of ties between New Delhi and Washington.

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