1 week ago
Last Updated:April 09, 2025, 07:12 IST
Donald Trump has imposed 26% tariffs on India, that rolled out on April 2. His government official has now said that India is among various nations planning to lower tariffs on US imports.
US President Donald Trump (AP Image)
India is among several nations planning to slash tariffs, US trade representative Jamieson Greer has said, adding that around 50 countries have approached him to discuss President Donald Trump’s new plan, which has begun to reap rewards.
Greer told the Senate Finance Committee that the United States’ average tariff on agricultural products is 5%, however, India’s average tariff is 39%.
“Our average tariff on agricultural goods is 5%, but India’s average tariff is 39%. You understand the trend here. Our trade deficit, driven by these non-reciprocal conditions, is a manifestation of the loss of the nation’s ability to manufacture, to grow, and to build. The President recognises the urgency of the moment," he told the Senate.
Naming India and Israel among those mulling a reduction in tariffs, he said that countries have shown willingness to reduce both tariff and non-tariff hurdles as a result of Trump’s agenda of “reciprocity" in trade with allies.
“Nearly 50 countries have approached me personally to discuss the President’s new policy and explore how to achieve reciprocity. They have also spoken with many members of the administration. Several of these, such as Argentina, Vietnam, India, and Israel, have suggested that they will reduce their tariffs and non-tariff barriers in line with the President’s policy," Greer said.
More to follow…
Location :Washington D.C., United States of America (USA)
First Published:April 09, 2025, 07:06 IST
News world India Among Several Nations Willing To Lower Tariffs, Says Trump Govt Official
