Brief by Shorts91NewsDesk / 10:26am on 15 Apr 2025,Tuesday Business
India and the U.S. are set to hold another round of trade talks in May, aiming to resolve ongoing tariff disputes and enhance bilateral trade. The discussions will focus on expanding trade, improving market access, and reducing tariff and non-tariff barriers. This follows U.S. President Donald Trump's threat to impose reciprocal tariffs on Indian goods starting April 2, unless India lowers its tariffs on American products. In response, India has reduced its average industrial tariffs from 13.5% to 10.66%, signaling a willingness to negotiate. Both nations are working towards a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA), with the goal of finalizing its first phase by fall 2025. (PC: The Tribune)
