India To Lower Tariffs On Certain Goods? US Seeks Balanced Market Access

New Delhi: The United States President Donald Trump has indicated that he has received confirmation suggesting that India intends to lower tariffs on certain goods. Amidst ongoing bilateral trade talks between India and the United States, Trump’s remarks came after Vice President JD Vance, during his visit to Jaipur. “I understand that India will reduce tariffs,” Trump stated while speaking to reporters. However, any more details regarding specific products, timing, or confirmation were not provided by the US President.

This will be followed by trade discussions between the two nations. Two of the largest US trading partnerships that the Trump administration is targeting for negotiations to lower the US trade deficit are India and China. The officials of the two nations have started negotiating a bilateral trade agreement (BTA) in Washington from Wednesday. India and the United States are making strides towards a new Bilateral Trade Agreement after the announcement of the finalised Terms of Reference (ToR) for the deal, the Office of US Trade Representatives, Ambassador Greer said.

India and the United States are making strides towards a new Bilateral Trade Agreement after the announcement of the finalised Terms of Reference (ToR) for the deal, the Office of US Trade Representatives, Ambassador Greer said.