India Denies Trump's Claim of Agreed Tariff Cuts on US Goods
The Indian government clarified that no commitments were made to reduce tariffs, emphasizing ongoing trade negotiations with the US.
- India's Commerce Secretary Sunil Barthwal stated that no commitments have been made to the US regarding tariff reductions on American imports.
- The Indian government has requested time until September 2025 to address tariff concerns raised by the US.
- Trade negotiations between India and the US are focused on achieving a long-term, mutually beneficial agreement rather than immediate tariff adjustments.
- US President Donald Trump announced reciprocal tariffs on several countries, including India, set to take effect next month, while criticizing India's 'massive tariffs.'
- US Commerce Secretary Howard Lutnick urged India to open its agricultural sector to American imports, a move India has historically resisted to protect domestic farmers.