India Plans Tariff Reductions Amid US Trade Negotiations

India is reportedly working to lower trade barriers with the United States as part of ongoing negotiations for a bilateral trade deal, following claims by President Trump that India has agreed to cut its high tariffs. Trump has consistently criticized India's tariffs, which he describes as 'massive' and restrictive, making it difficult for American goods to enter the Indian market. During discussions with U.S. Commerce Secretary Howard Lutnick, Indian officials emphasized that any tariff reductions would align with previous agreements made with other developed nations. While there is optimism regarding the potential trade deal, Indian officials have downplayed Trump's assertions, stating that discussions are still evolving and should not be viewed as an extraordinary step. The U.S. aims to increase bilateral trade to $500 billion by 2030, a target both nations have shown interest in pursuing. The situation remains fluid as both countries navigate their trade relationship amidst these negotiations.