🚨🇮🇳🇺🇸INDIA DANGLES #ZERO TARIFF DEAL FOR U.S. ON STEEL, AUTOS & PHARMA
🔹India proposes zero tariffs on key U.S. exports: steel, pharmaceuticals, auto parts.
🔹Offer is conditional: reciprocal treatment and volume caps apply.
🔹Aimed at easing trade tensions and supporting Indian exporters amid global protectionism.
🔹Pressure from Indian industry pushed for a “zero-for-zero” trade regime since April.
🔹Unclear if the Biden administration, reliant on tariff leverage, will accept.
-Bloomberg
