India offers zero-for-zero tariffs on auto parts, steel from US

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India offers zero-for-zero tariffs on auto parts, steel from US - Business Mirror

Quick Summary:

India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the US, people familiar with the matter said.

Asian economies, including South Korea, Japan and India are among the nations leading the race for reaching interim deals with his administration.

Beyond this threshold, imported industrial goods would attract the regular level of duties, the people said, asking not to be identified as the discussions are private.