{"id":31565,"date":"2025-05-12T10:40:59","date_gmt":"2025-05-12T05:10:59","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=31565"},"modified":"2025-05-12T10:40:59","modified_gmt":"2025-05-12T05:10:59","slug":"india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/","title":{"rendered":"India Proposes Major Tariff Cut to Clinch Trade Deal with US: TOI"},"content":{"rendered":"<p>India has offered to significantly narrow the average tariff gap with the United States\u2014from 13% to under 4%\u2014as part of ongoing efforts to secure a broad trade agreement with the Donald Trump administration, <em>The Times of India<\/em> reported, citing <em>Reuters<\/em> sources.<\/p>\n<p>This move, described as one of the most substantial trade barrier revisions by India in recent times, is part of the government\u2019s attempt to gain exemptions from current and future tariff hikes imposed by the US. The discussions come in the wake of President Trump\u2019s temporary suspension of proposed reciprocal tariffs\u2014including a 26% duty on Indian imports\u2014while negotiations progress. Currently, Indian goods entering the US face a 10% base tariff during the 90-day pause declared by Trump last month.<\/p>\n<p>According to <em>The Times of India<\/em>, bilateral trade between India and the United States touched $129 billion in 2024, with India enjoying a surplus of $45.7 billion. The proposed reduction in tariff differential is calculated across all traded goods, regardless of volume, and could offer India improved market access for key exports.<\/p>\n<p>Indian negotiators have reportedly proposed eliminating duties on 60% of tariff lines in the initial phase of the deal. Preferential access for US products to India, including reduced tariffs, already covers about 90% of items, said one Indian official quoted in <em>The Times of India<\/em>. Meanwhile, a delegation from India is expected to travel to the US later this month to push the negotiations forward.<\/p>\n<p>India\u2019s demands include favourable treatment for a range of export sectors such as gems and jewellery, leather, textiles, chemicals, plastics, oilseeds, seafood, and horticulture, the report said. Officials argue that better terms of trade would provide Indian exporters with an edge over competitors from other countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has offered to significantly narrow the average tariff gap with the United States\u2014from 13% to under 4%\u2014as part of ongoing efforts to secure a broad trade agreement with the Donald Trump administration, The Times of India reported, citing Reuters sources. This move, described as one of the most substantial trade barrier revisions by India&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-31565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India Proposes Major Tariff Cut to Clinch Trade Deal with US: TOI - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Proposes Major Tariff Cut to Clinch Trade Deal with US: TOI - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"India has offered to significantly narrow the average tariff gap with the United States\u2014from 13% to under 4%\u2014as part of ongoing efforts to secure a broad trade agreement with the Donald Trump administration, The Times of India reported, citing Reuters sources. This move, described as one of the most substantial trade barrier revisions by India&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-12T05:10:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/05\/significantly.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/05\/significantly.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/\",\"name\":\"India Proposes Major Tariff Cut to Clinch Trade Deal with US: TOI - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/#primaryimage\"},\"datePublished\":\"2025-05-12T05:10:59+00:00\",\"dateModified\":\"2025-05-12T05:10:59+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/india-proposes-major-tariff-cut-to-clinch-trade-deal-with-us-toi\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/31565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=31565"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/31565\/revisions"}],"predecessor-version":[{"id":31567,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/31565\/revisions\/31567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/31566"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=31565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=31565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=31565"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=31565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}