Brief by Shorts91NewsDesk / 05:06am on 23 Mar 2025,Sunday Business
In light of the impending April 2 deadline for reciprocal tariffs announced by U.S. President Donald Trump, senior U.S. officials are set to visit India to engage in critical trade discussions. Trump has expressed concerns over India's high tariffs on American goods and anticipates substantial reductions. During a recent interview, he stated, "I believe they're...probably going to be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they charge us." India's Commerce Minister, Piyush Goyal, has been in Washington to negotiate a bilateral trade agreement aimed at averting these reciprocal tariffs. Both nations are working to address issues related to tariff and non-tariff barriers, with the goal of finalizing the first phase of the agreement by the end of 2025. (PC: Fortune India & Bizz Buzz)
