India is considering reducing tariffs on select high-end goods from the United States, including steel, motorcycles, and electronics, with confirmation expected when Union Finance Minister Nirmala Sitharaman presents the budget on Saturday.
Currently, India imposes over 100% of its duties on 20 items from the US.
US President Donald Trump criticised India, China, and Brazil as “tremendous tariff makers,” emphasising his “America First” policy.
His comments echoed earlier statements during his election campaign, where he proposed reciprocal tariffs in trade.
Trump’s “America First” economic model aims to boost US manufacturing by raising tariffs on goods like steel, semiconductors, and medicines while reducing taxes for American workers and businesses.
This approach is seen as both a way to stimulate US manufacturing and as a “weapon” in international conflicts, as demonstrated by his clash with Colombia over deportations.
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