India Considers Major Tariff Cuts in Trade Deal with the U.S.

India plans to reduce tariffs on over half of U.S. imports in a new trade deal, to counteract President Trump's reciprocal tariffs. The move aims at protecting Indian exports, though final decisions depend on negotiations, with talks led by U.S. representative Brendan Lynch.

India is poised to make its largest tariff reduction in years by cutting tariffs on more than half of U.S. imports, which are valued at $23 billion. This measure is part of efforts to secure relief from President Donald Trump's impending reciprocal tariffs set to impact global markets.

The extensive tariff cuts hinge upon ongoing trade talks aimed at resolving a standoff with the United States. Both nations hope to establish an early trade agreement before the reciprocal tariffs take effect, as U.S. Trade Representative Brendan Lynch prepares to lead discussions in New Delhi.

While India seeks to accommodate U.S. demands, it draws firm lines on key agricultural products, opting instead to ease tariffs on items like almonds and quinoa. As tariff negotiations proceed, India remains cautious about preserving its national interests.

(With inputs from agencies.)