US President Donald Trump recently said that he is open to negotiations for the 20-25% trade tariffs on India. Dive into this news story to get all the details.
Current Tariff Situation between India and US
The U.S. has implemented a broad 25% tariff on a diverse array of Indian exports, such as automobiles, electronics, solar panels, gems, textiles, and processed food items.
Additionally, this move also includes an unspecified penalty related to India's ongoing acquisition of Russian oil and military supplies, which the U.S. sees as a geopolitical issue.