India Agrees to Significant Tariff Reductions Following US Pressure

President Trump announces progress in trade talks as India signals willingness to cut tariffs and explore a bilateral trade agreement.

US President Donald Trump stated that India has agreed to significantly reduce tariffs on American imports, citing ongoing trade negotiations.
The announcement follows Trump's plans to impose reciprocal tariffs on India and other nations starting April 2, targeting what he describes as unfair trade practices.
India's Commerce Minister Piyush Goyal is currently in Washington for discussions on a potential Bilateral Trade Agreement (BTA) aimed at boosting trade and reducing barriers.
US Commerce Secretary Howard Lutnick emphasized the need for India to lower its high tariffs and open sensitive sectors like agriculture to foster deeper economic ties.
Both nations are working toward resolving trade disputes, with a shared goal of achieving $500 billion in bilateral trade by 2030.