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India eyes tariff cuts on $23 billion of U.S. imports to shield $66 billion in exports, Reuters reports

  • India is considering cutting tariffs on over $23 billion of U.S. Imports to prevent tariffs imposed by President Donald Trump, which will begin on April 2nd.
  • The proposed tariff reductions could be the largest in years for India, which aims to protect $66 billion in exports from U.S. Tariffs.
  • Tariffs on certain products, including meat and dairy, will not be lowered, while cuts on automotive tariffs are under discussion.
  • Negotiations led by U.S. Trade representative Brendan Lynch are set to begin as India remains committed to reaching a trade deal before the April deadline.
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Exclusive: India eyes tariff cut on more than half of US imports to shield its exports, sources say

India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs.

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Business Standard broke the news in India on Tuesday, March 25, 2025.
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