Mar 20, 2025
Khushi Kumari
Will India Reduce Tariffs? Trump Sets April 2 Deadline
U.S. President Donald Trump expects India to lower tariffs on American goods
Trump said If India doesn't act by April 2, the U.S. will impose equivalent tariffs on Indian products
In 2023, U.S.-India trade reached $190.08 billion, with India enjoying a $43.65 billion surplus
Both nations aim to double bilateral trade to $500 billion by 2030
India has not yet imposed reciprocal tariffs on U.S. products but is under pressure to reduce existing ones
New U.S. tariffs could cost India up to $7 billion annually
"I believe they're going to be lowering those tariffs substantially," Trump stated
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