29-June-2025
Economy News
 
Indian exports may face higher tariffs in US despite trade deal: GTRI
28-Jun-2025

The stand the US is taking in its negotiations with key partners suggest that even if an interim trade agreement with India gets finalised, Indian exports will still be subject to duties that are higher than those that prevailed prior to introduction of reciprocal tariffs on April 2 while New Delhi will end up significantly reducing import duty for American imports, according to a report. The US had imposed 26% extra duties on Indian imports as part of reciprocal tariff plan and through an interim trade deal India is trying to avoid them. Indian officials are currently in Washington negotiating the deal and conclude it before the pause of reciprocal tariffs ends on July 8. US President Donald Trump on Thursday hinted at a big trade deal with India.

News Source:- https://www.financialexpress.com/policy/economy/indian-exports-may-face-higher-tariffs-in-us-despite-trade-deal-gtri/3895423/?ref=hometop_hp