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Date: 09/05/2025

India to drop all import tariffs on US goods, says Trump

US President Donald Trump has said that India has agreed to “drop” all import tariffs on American goods as Washington was not going to put up with India’s high tariffs. Trump’s comments were made in the White House on the same day India and the UK announced the conclusion of their ambitious bilateral free trade agreement (FTA). Trump, however, offered no details on the sectors or goods affected by the supposed agreement. India has not officially made any statements in this regard as trade talks with the US remain underway. India has proposed a zero-for-zero tariff arrangement on specific goods such as steel, auto parts and pharmaceuticals, but with a cap on import volumes and based on mutual reciprocity. If imports exceed agreed thresholds, standard duties would be reinstated. The proposal was reportedly presented during a high-level visit to Washington last month, as per a report.
 
Source: Exim News Service: Washington, May 8



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