India Plans $23 Billion Tariff Cuts on US Imports to Avert Trade Dispute

India is exploring significant tariff reductions on over half of its U.S. imports, valued at $23 billion, as part of ongoing trade negotiations aimed at countering reciprocal tariffs imposed by President Trump, set to take effect on April 2. The Indian government estimates that these tariffs could impact 87% of its $66 billion in exports to the U.S., prompting a rush to secure a trade agreement. India is willing to cut tariffs on 55% of U.S. goods currently taxed at rates of 5% to 30%, but has indicated that tariffs on certain products like meat and dairy will remain unchanged. The proposed reductions are seen as critical to alleviating the potential economic fallout from Trump's tariff strategy, which he has labeled as targeting