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Home > All news > Business, Economy, Export Import, Trade > India gears up for a potential trade deal as Trump targets China, say Govt sources

India gears up for a potential trade deal as Trump targets China, say Govt sources

December 20, 2024
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India gears up for a potential trade deal as Trump targets China, say Govt sources

New Delhi - India is preparing to offer tariffs cuts on some farm and other goods mainly imported from the U.S., aiming to clinch a broader trade and investment deal once president-elect Donald Trump takes charge, government and industry sources in New Delhi said.To tackle Trump's threat of a "reciprocal tax" on Indian goods for high tariffs, some officials of the Indian commerce ministry are ready to consider cuts on certain products such as pork, a senior government source said. Currently India slaps about a 45% import tariff on pork, which is mostly supplied . . .

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