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Date: 16/05/2025

India has offered a trade deal with basically zero tariffs: Trump

US President Donald Trump has said that India has offered a trade deal to the United States which would see basically zero tariffs on a broad range of American goods. India had proposed to reduce its average tariff differential with the US from around 13% to under 4%—a 9-percentage-point drop. This would be among the most comprehensive moves by India to align its trade policies with major global partners. 
 
Under the proposed deal, it was said, India has offered to bring duties down to zero on 60% of tariff lines in the first phase. The PM Modi-led government has offered preferential access to nearly 90% of goods imported from the US. In exchange, India is seeking a full exemption from both existing and potential future US tariff hikes—something that has not been fully granted even in Washington’s recent agreement with the United Kingdom, as per a report.
 
Source: Exim News Service: Doha, May 15



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