Mint Primer | Will PM’s visit help India dodge Trump’s tariffs?
1 month ago

Mint Primer | Will PM’s visit help India dodge Trump’s tariffs?

Live Mint  

President Donald Trump has announced reciprocal tariffs to correct the US’s trade imbalance with other nations. That apart, India has conveyed that it is looking to substantially enhance energy trade with the US, especially in oil and gas, to bridge the trade gap. They are aimed at correcting the long-standing trade imbalance and cutting down the large and persistent trade deficit the US has with its trade partners, including India. A White House fact sheet justifying the reciprocal tariffs said, “The US average applied most favoured nation tariff on agricultural goods is 5%.

History of this topic

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