Indo-US trade deal in works: India offers zero-for-zero tariffs on steel, auto parts, says report
[ad_1] India and the US are focusing on select industries to achieve a swift trade agreement. (AI image) India, US close in on trade deal? In trade discussions with the US, India has put forward a proposal for zero-for-zero tariff arrangements on specific items including steel, auto parts and pharmaceuticals, based on reciprocity and limited to certain import volumes, according to sources with knowledge of the matter. The discussions come at a time when US President Donald Trump has hit a 90-day pause button on proposed reciprocal tariffs. Many Asian countries, including South Korea, Japan and India, are at the forefront of securing interim agreements with the Trump administration.According to a Bloomberg report, during their visit to Washington in the previous month, Indian trade representatives presented this proposal to accelerate discussions for a bilateral trade agreement anticipated by autumn this […]