India Plans Special Tariff Concessions for the U.S.
Economy
Indian Prime Minister Narendra Modi is planning additional tariff concessions ahead of his meeting this week with U.S. President Donald Trump. These measures aim to boost American exports and prevent a potential trade war, government officials said.
Modi’s two-day visit to the U.S. will begin on Wednesday. At the same time, Trump is expected to announce new tariff measures based on reciprocal terms for multiple countries, including India.
Trump has previously called India a "major trade abuser" and emphasized that India should purchase more American-made security equipment to achieve a fair two-way trade relationship.
India is considering tariff reductions in at least a dozen sectors, including electronics, medical and surgical equipment, and chemicals. These measures are intended to encourage U.S. exports while aligning with India’s domestic production plans, three government officials stated.
Over the past decade, trade relations between India and the U.S. have steadily grown. Washington increasingly sees India as a counterbalance to China’s regional influence.
On Monday, Modi stated, "This visit will provide an opportunity to build upon the successes of our collaboration during his (Trump's) first term."
India is reviewing concessions on products primarily imported from the U.S. or those with high demand potential, such as satellite antennas and wood pulp.
Trump has previously called India a "major trade abuser" and emphasized that India should purchase more American-made security equipment to achieve a fair two-way trade relationship.
India is considering tariff reductions in at least a dozen sectors, including electronics, medical and surgical equipment, and chemicals. These measures are intended to encourage U.S. exports while aligning with India’s domestic production plans, three government officials stated.
Over the past decade, trade relations between India and the U.S. have steadily grown. Washington increasingly sees India as a counterbalance to China’s regional influence.
On Monday, Modi stated, "This visit will provide an opportunity to build upon the successes of our collaboration during his (Trump's) first term."
India is reviewing concessions on products primarily imported from the U.S. or those with high demand potential, such as satellite antennas and wood pulp.
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