India Negotiates Trade Deal to Counter US Tariffs

India is negotiating a trade deal with the United States to mitigate the impact of President Donald Trump's reciprocal tariffs set to take effect on April 2, which threaten to significantly impact India's exports. India is open to cutting tariffs on over half of US imports worth $23 billion, which would be the largest tariff reduction in years, in exchange for relief from these tariffs. The talks, led by Assistant US Trade Representative Brendan Lynch, aim to finalize a bilateral trade agreement to improve market access and address trade imbalances. The potential trade agreement is crucial as India's exports to the US, valued at $66 billion, could be affected by the new tariffs. Additionally, India views this situation as an opportunity to strengthen its domestic industries and reduce dependency on foreign goods, amidst the broader impact of global trade tensions. The negotiations are part of a broader effort to reduce trade imbalances and foster economic cooperation between the two countries.