New Delhi, March 11 -- A 'zero-for-zero' tariff approach is being touted as the best way for India to deal with US President Donald Trump's proposed reciprocal tariffs. Mint explains what this initiative is and why some consider it to be a better option than a bilateral trade agreement.

for-zero' tariffs?

This is an approach that has been suggested for India to effectively deal with the reciprocal tariffs that the US has threatened. It involves India identifying specific tariff lines or product categories and eliminating import duties on them. In response, the US can eliminate tariffs on a comparable number of goods. This way India's high average tariff, a point US President Donald Trump has repeatedly talked about, would reduce sharply...