SS: Indian Prime Minister Narendra Modi is preparing additional tariff cuts ahead of his meeting with U.S. President Donald Trump that could boost American exports to India and avoid a potential trade war, government officials said.
Modi’s trip to the U.S. on Wednesday and Thursday comes as Trump plans to announce reciprocal tariffs on many countries, a move aimed at reshaping global trade relationships in favour of the United States.
Trump has not specified which countries would be hit but has previously called India a “very big abuser” on trade and stressed that India should buy more American-made security equipment to move toward a fair bilateral trading relationship.
India is considering tariff reductions in at least a dozen sectors, including electronic, medical and surgical equipment, along with some chemicals, to raise U.S. exports. These reductions align with New Delhi’s domestic production plans, three government officials said.
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SS: Indian Prime Minister Narendra Modi is preparing additional tariff cuts ahead of his meeting with U.S. President Donald Trump that could boost American exports to India and avoid a potential trade war, government officials said.
Modi’s trip to the U.S. on Wednesday and Thursday comes as Trump plans to announce reciprocal tariffs on many countries, a move aimed at reshaping global trade relationships in favour of the United States.
Trump has not specified which countries would be hit but has previously called India a “very big abuser” on trade and stressed that India should buy more American-made security equipment to move toward a fair bilateral trading relationship.
India is considering tariff reductions in at least a dozen sectors, including electronic, medical and surgical equipment, along with some chemicals, to raise U.S. exports. These reductions align with New Delhi’s domestic production plans, three government officials said.