India, US to focus on increasing market access, lowering duty: Minister

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India, US to focus on increasing market access, lowering duty: Minister - Business Standard

Quick Summary:

Earlier today, a Reuters report citing sources suggested that the Indian government is considering cutting tariffs on over half of US imports worth $23 billion.

However, no specific or reciprocal tariffs have been imposed on India as of now, he said.

On March 21, Prasada informed the Rajya Sabha about the Trump administration's additional 25 per cent tariffs on steel and aluminium imports applied to all countries.