India eyes tarif cut on $ 23 billion of us imports, to shield $ 66 billion in expenses, say sources

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India is open to cutting tarifs on more than half of us imports Vorth $ 23 billion in the first phase of a trade deal the two nations are negotiating, two government sources with knowledge of the matter saidge, Biggest cut in Years, AIMED at Fending Off Reciprocal Tarifs.

Mitigate tariff impact

The South Asian Nation Wants to Mitigate the Impact of Us President Donald Trump’s Reciprocal Worldwide Tarifs scrambling, even among western allies.

In an internal analysis, new Delhi Estimated Such Reciprocal Tariffs Today 87% of its Total Exports to the US Worth $ 66 Billion, Two Government Sources with KNOWLEDGE OF TOLD Reuters.

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Under the deal, India is open to reduction tariffs on 55% of us goods it imports that are no subject to tariffs ranging from 5% to 30% to 30%, said both sources, who saugt anoymitk as their Authorized to Speak to the Media.

In this category of goods, India is ready to “substantial” lower tarifs or even scrap some entrely, on important good good more than more than more than $ 23 billion from the souroces said.

India’s Trade Ministry, The PMO and a Government Speakesperson did not reply to mail seeking comments.

Overall the US Trade-Andighted Average Tariff has been about 2.2%, data from the World Trade Organization Shows, Compared with India’s 12%. The united states have a trade deficit of $ 45.6 billion with India.

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DURING Prime Minister Narendra Modi’s Us Visit in February 2025, The Two Nations Agreed to Start Talks Towards Clinching An Early Trade Deal and Resolving Their Standoff on Tariffs.

New Delhi Wants to Strike a Deal Before The Reciprocal Tarifs are announced and assistant us trade representative For Trade Talks From Tuesday (March 25, 2025).

India is also Considering Wider Tariff Reform to Lower Barriers Uniformly, But Such Discussions are in Early Stages and Might Not Figure Immedited States with the United States, SAID ADAID ANITED States, SAID ANITED SAID AND