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India is unlikely to face trade restrictions from the United States despite global tariff tensions, officials said. Ongoing diplomatic engagements have helped India avoid potential tariff hikes, even as several other countries bear the impact of US trade policies.
Proactive Engagement to Prevent Trade Barriers
Officials familiar with the discussions said that India’s continuous engagement with US trade representatives has minimised risks of retaliatory tariffs. The talks have focused on addressing concerns over market access, import duties, and broader trade policies.
While the US has imposed tariffs on multiple countries as part of its protectionist measures, India has managed to maintain steady trade relations. Experts suggest that India’s diplomatic approach has played a key role in ensuring a balanced trade partnership.
India Lowers Peak Tariffs to 70%
To improve trade optics and encourage investments, India has reduced peak tariff rates from 150% to 70%. The move aims to align with global trade norms and ease concerns raised by foreign investors and trade partners.
According to analysts, this step could prevent potential disputes and position India as a more favourable trade destination. “Reducing tariffs is a strategic move to counter concerns over high import duties,” a trade expert said.
Other Countries Face Tariff Challenges
Many nations continue to grapple with the impact of tariff hikes introduced by the US in recent years. However, India’s approach of diplomatic engagement and gradual policy adjustments has helped it navigate trade challenges more effectively.
As global trade uncertainties persist, India remains focused on maintaining stable economic relations with key partners while ensuring its trade policies support long-term growth.
