WTO data indicates the U.S. trade-weighted average tariff stands at 2.2%, whilst India’s is 12. (AI image) India is willing to reduce tariffs on over 50% of American imports valued at $23 billion during the initial stage of a trade agreement under negotiation between the two countries, two government officials told Reuters. This significant reduction aims to prevent retaliatory reciprocal …
Read More »Tag Archives: Modi trump
Trump’s tariffs: India’s GDP may take 0.1-0.6% hit from US tariff moves, says Goldman Sachs – The Times of India
Trump has specifically mentioned India alongside the European Union and China, stating that India maintained “the highest tariffs in the world”. Impact of US tariffs on India: India’s GDP may take a hit of around 0.1 to 0.6 percentage points due to the proposed US tariffs, according to a recent Goldman Sachs analysis. The study examines scenarios of US tariff …
Read More »