New Delhi, March 25 -- India appears willing to cut tariffs on more than half of US imports worth 23 billion dollars to avoid heavy tariff duty on the Indian exports. Representatives of the two countries are expected to finalize a trade deal during their extensive talks here.
Finance Minister Nirmala Sitharaman has already reduced custom duty on American breweries and motorcycles while presenting annul budget.
This would be one of the biggest tariff cuts being taken by the Indian government to avoid reciprocal tariffs that could hurt Indian exports.
The government is trying to reduce the impact of US President Donald Trump's global reciprocal tariffs, which are set to take effect from April 2. The new tariff regime imposed by the Tru...