US Suspends High Tariffs on India Amid Trade Deal Negotiations Promising Breakthrough in Bilateral Economic Relations
Échec de l'ajout au panier.
Veuillez réessayer plus tard
Échec de l'ajout à la liste d'envies.
Veuillez réessayer plus tard
Échec de la suppression de la liste d’envies.
Veuillez réessayer plus tard
Échec du suivi du balado
Ne plus suivre le balado a échoué
US Suspends High Tariffs on India Amid Trade Deal Negotiations Promising Breakthrough in Bilateral Economic Relations
-
Narrateur(s):
-
Auteur(s):
À propos de cet audio
As of this month, the US has been embroiled in a new wave of tariff actions under President Donald Trump’s so-called “reciprocal tariff” plan. Announced on April 2, 2025, Trump’s administration declared a 26 percent tariff was to be imposed on imports from India, one of the highest among major US trading partners, with the stated goal of addressing what Trump called years of unfair trade practices by foreign nations against the United States. Trump termed April 2 “Liberation Day” for US trade, signaling a new phase in American protectionist policy. The baseline policy also established a universal 10 percent tariff on all imports from every country, with specific higher rates—like the 26 percent for India—targeted at nations with significant trade imbalances or high tariff barriers of their own, according to India Briefing.
Listeners should note that India, for context, maintains some of the world’s highest tariff rates among large economies. The US Trade Representative’s National Trade Estimate Report, released March 31, 2025, records India’s average Most Favored Nation applied tariff rate at 17 percent in 2023, with agricultural products subject to particularly high duties averaging 39 percent. This has long been a sticking point in US-India trade relations, particularly for goods like vegetable oils, apples, corn, and automobiles.
There’s been a significant development, however. The United States has suspended the additional 26 percent levies on Indian imports until July 9. This pause was set to give both sides room to finalize a new trade agreement, and all signs indicate a deal is imminent. According to India Today, the terms have been agreed and locked, with an official announcement expected by July 8. Indian negotiators have been in Washington pushing for exemptions on textiles, gems, shrimp, and leather goods, while the US is demanding India lower barriers on electric vehicles, wines, and farm products. President Trump stated just last week that his administration aims to remove all trade barriers and called the current system “unthinkable.”
Meanwhile, listeners should be aware that even with the suspension, a universal 10 percent tariff on Indian imports to the US remains in place. The White House and economic analysts stress that this is a part of a broader American effort to reset global trade practices and reduce longstanding deficits. The current US goods trade deficit with India stood at $45.7 billion in 2024, and both sides are working toward a comprehensive bilateral agreement, with hopes for an initial tranche by October 2025.
That wraps up today’s update on the rapidly evolving US-India tariff landscape. Thank you for tuning in to India Tariff News and Tracker—please subscribe for the latest insights and analysis. This has been a quiet please production, for more check out quiet please dot ai.
For more check out https://www.quietperiodplease.com/
Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
Ce que les auditeurs disent de US Suspends High Tariffs on India Amid Trade Deal Negotiations Promising Breakthrough in Bilateral Economic Relations
Moyenne des évaluations de clientsÉvaluations – Cliquez sur les onglets pour changer la source des évaluations.
Il n'y a pas encore de critiques pour ce titre.