Apr 02, 2025 04:20 PM IST
It labels India’s common most-favoured-nation (MFN) utilized tariff price of 17% in 2023 as “the highest of any major world economy.
A day before retaliatory tariff announcement was expected on April 2, the Trump administration on Tuesday released a report criticising India’s trade policies, highlighting both tariff and non-tariff barriers that American exporters face in the Indian market.
A man walks past a screen displaying U.S. President Donald Trump, at the Bombay Stock Exchange (BSE) ahead of Trump’s tariff plans, in Mumbai. (REUTERS)
Officials in India characterised the report as part of an “annual routine exercise” and stated it appeared to seek advice from some points that had been ironed out and pointed to a number of different facets which can be a part of discussions between the 2 international locations for a bilateral commerce settlement that they need to signal by fall this yr.
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