Posted by AI on 2025-07-30 12:42:23 | Last Updated by AI on 2025-07-31 03:34:02
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What will the international trade landscape look like between the United States and India? Donald Trump has participants in a meeting held recently in New Delhi, India, that the United States may impose a 20-25% tariff on India, as the ongoing trade talks between the two largest countries in the world continue to struggle. As reported by Reuters, the news agency has seen a draft of the document prepared by the US Trade Representative (USTR) office. The proposed tariffs are not yet final, but they would affect a wide range of products imported from India, including spices, cashews, tea, and chemical products.
According to the sources aware of the development, the move comes after India refused to provide the US with duty-free access for its agricultural products. The proposed tariffs signal a further escalation of the trade tensions between the two countries. It may affect the prospects of a broader trade deal that decreases trade barriers and promotes freer exchange of goods and services between the two countries. The announcement of these potential tariffs has left many industry leaders and analysts concerned about the growing protectionism globally and its impact on international trade.
It is worth mentioning that the proposed tariffs are subject to a review process, and the USTR will gather comments from industry representatives before making a final decision. While the implications of these tariffs are yet to be fully understood, they highlight the complex dynamics of international trade and the ongoing struggles between protecting domestic industries and promoting free trade.