India's tariffs align with WTO rules, says think tank
The Global Trade Research Initiative (GTRI) stated that India's tariffs are compliant with World Trade Organization (WTO) rules. The think tank urged the Indian government to communicate this to the U.S. amid ongoing trade tensions. GTRI highlighted challenges in negotiating a Free Trade Agreement (FTA) with the U.S., noting that India has resisted U.S. demands for years. These include opening government procurement and reducing agricultural subsidies. The think tank also pointed out that India's exports to the U.S. often have low local value addition. It suggested that India might consider offering zero tariffs on industrial goods to address potential U.S. tariff threats.