Brief by Shorts91NewsDesk / 04:34am on 01 Apr 2025,Tuesday Business
India imposes substantial tariffs on American goods, including 150% on alcohol and 100% on agricultural products. The White House has criticized these rates as "egregious," advocating for fair and reciprocal trade practices. President Donald Trump has signaled potential reciprocal tariffs starting April 2, aiming to address these imbalances. In response, India has proposed reducing tariffs on U.S. farm products like almonds, cranberries, and bourbon whiskey, seeking to prevent impending U.S. duties and strengthen bilateral trade relations. Negotiations between Indian officials and U.S. trade representatives are ongoing, with both sides aiming for a mutually beneficial agreement. (PC: Your Story)
