India Lowers Bourbon Whiskey Tariffs to 50% Amidst US Trade Negotiations

India has reduced import duty on bourbon whiskey to 50% ahead of talks with US President Trump as part of a potential mega trade deal. The cut represents significant tariff lowering but applies only to bourbon whiskey. Other liquors remain subject to a 100% duty rate.

India has announced a reduction in import duty on bourbon whiskey to 50%, signalling a positive move towards a new trade agreement with the United States. This strategic tariff concession was made public on February 13, just ahead of a key meeting between Indian Prime Minister Narendra Modi and US President Donald Trump.

The decision to lower tariffs exclusively for bourbon whiskey indicates India's focused approach to the negotiations, while duties on other liquors remain at 100%. The US stands as the primary exporter of bourbon whiskey to India, contributing significantly to imports.

The development is part of a broader vision shared by India and the US to expand bilateral trade to USD 500 billion by 2030. The nations aim to implement a comprehensive trade agreement to reduce tariffs and enhance market access for each other's products.

(With inputs from agencies.)