India and US Push for Trade Agreement as Tariff Deadline Looms

With US tariffs set to take effect on April 2, India proposes an early harvest deal to reduce tariffs on select imports while broader trade negotiations continue.

• India and the US are actively negotiating a bilateral trade agreement to address tariffs, market access, and supply chain integration.
• US President Donald Trump has reiterated his plan to impose reciprocal tariffs on India starting April 2, citing India's high tariff structure.
• India has proposed an early harvest deal, offering to lower tariffs on items like bourbon whiskey, wine, and electric vehicles as a gesture of openness.
• The US is pressuring India to reduce its $45 billion trade surplus by increasing imports of American oil, gas, and military equipment.
• Both nations aim to finalize the first phase of the trade agreement by fall 2025 and double bilateral trade to $500 billion by 2030.

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