Brief by Shorts91NewsDesk / 09:45am on 11 Mar 2025,Tuesday India Global
Commerce Secretary Sunil Barthwal informed the Parliamentary Standing Committee on External Affairs that India has not committed to reducing tariffs in its ongoing negotiations with the United States. This clarification follows U.S. President Donald Trump's recent assertion that India agreed to "cut their tariffs way down." Barthwal emphasized India's support for free trade and the importance of liberalization to enhance bilateral trade. He cautioned that a tariff war could be detrimental, potentially leading to a recession. India aims to protect critical domestic industries while being open to bilateral tariff reductions. The discussions are part of efforts to establish a mutually beneficial Bilateral Trade Agreement, with India seeking time until September for further negotiations.
