The United States has indicated a possible easing of tariffs on Indian goods, signaling a potential improvement in trade relations between the two countries. Previously, the US had imposed steep duties, with tariffs on certain Indian products reaching as high as 50%, primarily due to concerns over India’s oil imports from Russia. Recent developments suggest that India’s purchases of Russian oil have declined significantly, opening the door for potential tariff relief.
Officials from both nations continue ongoing discussions at various levels, with expectations that any reduction in duties would form part of a broader trade framework aimed at promoting fair and balanced economic cooperation. A rollback of tariffs could benefit multiple Indian sectors, including manufacturing and exports, which were adversely affected by the previous high duties. In India, government sources are observing the developments with cautious optimism, noting that such a move could strengthen bilateral trade and boost economic confidence between the two strategic partners.
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