{"id":26005,"date":"2025-03-20T11:24:50","date_gmt":"2025-03-20T06:24:50","guid":{"rendered":"https:\/\/bigbreakingwire.in\/?p=26005"},"modified":"2025-03-20T12:17:34","modified_gmt":"2025-03-20T06:47:34","slug":"us-impose-equal-tariffs-india-april-2","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/us-impose-equal-tariffs-india-april-2\/","title":{"rendered":"US to Impose Reciprocal Tariffs on India from April 2"},"content":{"rendered":"
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India Braces for Higher US Tariffs<\/strong><\/p>\n\n\n\n

The United States will impose equal tariffs on Indian goods starting April 2, as announced by President Donald Trump. In an interview with Breitbart News, Trump stated that India has some of the highest tariffs in the world. He expects India to lower its trade barriers but confirmed that until then, the US will match Indian tariffs with similar duties.<\/p>\n\n\n\n

While Trump remains firm on this decision, Indian officials are trying to ease trade tensions. Commerce Minister Piyush Goyal recently visited the US and had discussions with American officials about finalizing a trade deal<\/a> by the end of the year.<\/p>\n\n\n\n

Limited Impact on India\u2019s Exports<\/strong><\/p>\n\n\n\n

Despite the upcoming US tariffs, India\u2019s export industry is expected to remain strong. A report by SBI Research<\/a> estimates that the impact of these duties will be minimal, leading to only a 3-3.5% drop in exports. However, India\u2019s trade strategy\u2014focusing on new export markets, increasing value-added goods, and expanding trade routes\u2014will likely balance out these losses.<\/p>\n\n\n\n

India\u2019s Strategy to Handle Tariff Challenges<\/strong><\/p>\n\n\n\n

According to SBI Research, India is well-prepared to handle these new tariffs. The country has been actively diversifying its exports and strengthening its manufacturing and service industries. By adjusting its supply chains and exploring new trade partnerships, India aims to reduce the impact of US trade restrictions.<\/p>\n\n\n\n

Interestingly, recent US tariffs on steel and aluminium could create new opportunities for India. While India has a slight trade deficit with the US in these sectors\u2014$13 million in aluminium and $406 million in steel\u2014these shifts in global trade policies could help Indian industries grow in the long run.<\/p>\n\n\n\n

Ongoing Talks Between India and the US<\/strong><\/p>\n\n\n\n

As the deadline for the new tariffs approaches, India and the US continue their trade negotiations. Commerce Minister Piyush Goyal recently met with US Trade Representative Jamieson Greer to discuss the possibility of a Bilateral Trade Agreement (BTA).<\/p>\n\n\n\n

Goyal emphasized that India\u2019s trade policies will remain focused on national interests, aligning with the country\u2019s \u2018India First\u2019 and \u2018Viksit Bharat\u2019 initiatives. Both nations are working within their Comprehensive Strategic Partnership to find a solution that benefits both sides.
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India-US Trade: High Tariffs, Low Surplus, and Potential Risks<\/a><\/blockquote>