US EditionIndia Offers Zero Tariffs on US Pharmaceuticals, Steel, & More
- In the ongoing trade discussions, India has proposed eliminating import duties on American pharmaceuticals, steel, and auto components, contingent on reciprocal actions by the US.
- This offer responds to President Trump’s introduction of a 90-day tariff pause beginning April 9, 2025, aiming to balance trade tensions.
- Both countries prioritize sectors like pharmaceuticals, steel, and auto components to expedite a bilateral deal before the July 8 deadline.
- India proposed zero-for-zero tariffs on selected imports, conceding up to $23 billion in tradeoffs, reflecting a strategic effort to maintain positive relations.
- This development may ease trade tensions and influence global trade dynamics, though final agreement terms remain uncertain amid ongoing talks.
15 Articles
15 Articles
India offers zero-for-zero tariffs on auto parts, steel from U.S.
India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the U.S., people familiar with the matter said. Beyond this threshold, imported industrial goods would attract the regular level of duties, the people said, asking not to be identified as the discussions are private. The offer was made by Indian trade officials visiting Washington …
NEW: India Offers Zero-For-Zero Tariffs In Major Trade Win For Trump
Indian officials recently offered a bold new trade proposal during closed-door meetings in Washington—one that Trump allies are already calling a major victory. India’s latest offer includes removing tariffs altogether on U.S. steel, auto components, and pharmaceutical imports—up to a negotiated volume—on the condition that the United States does the same. The proposal, described by people familiar with the talks who spoke to Bloomberg, would re…
American Consumer Market Just Too Valuable - India Agrees to Align with Trump Tariff and Trade Terms - The Last Refuge
India was under pressure by both sides, the USA and China. Part of the Trump Indo-pacific plan was a geopolitical trade strategy aligning the United States with India. However, Beijing was pressuring India to reject alignment with the USA and form a mutually beneficial trade block with China. India has rejected the Chinese plan and […]
India Offers Zero-for-Zero Tariffs on Auto Parts, Steel From US
India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the US, people familiar with the matter said.
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