India is proposing reducing the tariff gap with the U.S. to below 4% and seeks exemption from all existing and future tariff increases. In return, India offers preferential access to 90% of U.S. goods and requests the U.S. to treat it as an ally on critical technology matters. Shubham Batra, Shivangi Acharya and Ira Dugal for Reuters:
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Friday, May 9, 2025
India offers to narrow tariff gap with U.S. to under 4%
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