India may lower import tariffs to appease the U.S., balancing local protection with trade.

India's Finance Minister, Nirmala Sitharaman, indicated that the country may reduce import tariffs if they don't harm local businesses, responding to US President-elect Donald Trump's criticism of India's high tariffs. She emphasized the need to balance domestic industry protection with international trade. The US is now India's largest trading partner, with bilateral trade reaching $119.7 billion last year.

November 12, 2024
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