India proposes tariff reductions to engage U.S. cooperation

moneycontrol.com

India is preparing to propose tariff reductions to the United States across various industries. This includes sectors like automobiles, chemicals, and information technology. The aim is to improve trade relations without resorting to retaliatory tariffs, as seen in Canada. Officials say India wants to negotiate from a position of strength. They hope these tariff cuts will foster better trade ties with the U.S. and promote smoother business operations. India's approach is focused on cooperation and mutual benefit. The country seeks to avoid the trade tensions that have affected other nations. Discussions with the U.S. are expected to continue in the coming months.


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