Why It Matters:
The new tariffs may put pressure on key Indian exports and harm trade exchanges. At the same time, efforts to reduce tariffs could strengthen economic cooperation between the two countries.
The big picture:
The U.S. trade delegation's visit to India occurs as India has expressed its readiness to reduce tariffs on American goods. Meanwhile, the U.S. is reviewing tariff disputes, and Indian officials have emphasized that the current negotiations do not include reciprocal tariffs, with the main goal being to define the scope of the first phase of the trade agreement.
Key Points:
- The new tariffs could affect India's exports in the agricultural, pharmaceutical, chemical, and automotive sectors.
- India emphasizes resolving trade issues through bilateral negotiations and seeks an agreement that benefits both parties.
- High tariff disputes, particularly in the agricultural sector, remain one of the main challenges in these negotiations.
Go deeper:
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U.S. Trade War; Criticisms, Implications
seyed mohammad kazemi
