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India To Cut Import Duties Amid US Tariff Concerns, Says Finance Minister Sitharaman

India To Cut Import Duties Amid US Tariff Concerns, Says Finance Minister Sitharaman


Published on 2025-02-18 02:20:49 - Oneindia
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  • A 15 per cent to 20 per cent average increase in tariffs could reduce India's exports to the US by 3-3.5 per cent

The article from OneIndia discusses India's Finance Minister Nirmala Sitharaman's announcement regarding the potential reduction of import duties on certain American products. This decision comes in response to concerns over the U.S. imposing retaliatory tariffs on Indian exports. Sitharaman highlighted that the move aims to address trade imbalances and foster better trade relations with the U.S. She mentioned that the government is actively reviewing the list of products for duty reduction, focusing on those that would not significantly impact domestic industries. This step is part of broader negotiations to resolve trade disputes and enhance economic ties between India and the U.S., especially after recent dialogues between the leaders of both nations.

Read the Full Oneindia Article at:
[ https://www.oneindia.com/business/india-to-cut-import-duties-amid-us-tariff-concerns-says-finance-minister-sitharaman-4074061.html ]
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