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

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
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 ]