$$MLN
๐ฎ๐ณ India Seeks 15% U.S. Tariff Under Trade Deal
India aims to secure a 15% tariff rate on its exports to the U.S., down from the current ~25%, under a new bilateral trade deal.
However, Washington is hesitant to offer India a lower rate than its Asian peers โ Pakistan (19%), Bangladesh (20%), and Indonesia (19%) โ insisting each country be treated on its own terms.
๐ Why It Matters
A lower tariff could boost Indiaโs labour-intensive exports like textiles, apparel, and jewellery.
The U.S. wants reciprocal access to Indian markets in return.
Highlights how trade talks now involve broader liberalisation, not just tariff cuts.
๐ At a Glance
Indiaโs current U.S. tariff: ~25%
Target: 15%
Peers: 19โ20%
๐ฏ What to Watch
Whether India opens markets to gain tariff relief.
U.S. stance on treating India equal to other Asian exporters.
Impact on Indiaโs export competitiveness in the U.S. market.