India Extends Olive Branch: Offers US Tariff Cuts on Key Imports Including Agri Products

India has made a big offer in the on-going trade negotiations with the US, proposing to reduce tariffs on some sensitive imports from the US, including some farm products. The news was announced by government officials on March 28, 2025. This indicates a possible turning point in the trade negotiations between the two countries.

 

Major points:

The proposal is viewed as a strategic move to correct long-standing US issues regarding market access in India. Although details of the proposed reductions are not publicly disclosed, sources say they are across a spectrum of products vital to US exporters.

 

This move comes after recent high-level talks between Indian and US trade officials in New Delhi. The negotiations have centered on crafting a customized, sector-specific tariff strategy that can be phased in.

 

India's Commerce Minister said, "We are committed to finding mutually beneficial solutions that enhance trade flows between our nations. These proposed tariff cuts demonstrate our willingness to engage constructively."

 

The step is in line with India's overall strategy to enhance exports and draw in foreign investment, as the nation targets to become a $5 trillion economy by 2028.

 

Sources: Reuters, Economic Times, March 28, 2025