Brief by Shorts91 Newsdesk / 12:24pm on 06 Mar 2025,Thursday Business
The US is pressing India to eliminate tariffs on car imports under a proposed trade deal, aiming to ease Tesla’s entry. India currently imposes duties as high as 110%, which Elon Musk has criticized. US President Donald Trump also slammed India's high auto tariffs, warning of reciprocal action. While India is open to reductions, it remains reluctant to cut tariffs to zero immediately. Talks between trade officials are ongoing, with Indian automakers like Tata Motors and Mahindra opposing drastic cuts, fearing it could impact local manufacturing. The two nations target $500 billion in bilateral trade by 2030.
