Core Viewpoint - India is considering the cancellation of import taxes on U.S. liquefied natural gas (LNG) and reducing tariffs on U.S. agricultural products to address trade imbalances and avoid potential trade sanctions from the Trump administration [1][2]. Group 1: LNG Import Tax - India is contemplating the removal of a 2.5% basic customs duty and a 0.25% social welfare tax on U.S. LNG imports to enhance procurement and reduce trade surplus with the U.S. [2][3] - The Indian government aims to increase energy imports from the U.S. from $10 billion to $25 billion, with a target of achieving $500 billion in bilateral trade by 2030 [2][3]. Group 2: Agricultural Tariffs - India is also considering lowering tariffs on U.S. agricultural products, including pecans, pulses, and non-GMO soybeans, in response to U.S. requests [4]. - The potential reduction in agricultural tariffs may create opportunities for U.S. exporters, although it could negatively impact India's domestic agricultural sector, which is politically sensitive [4].
印度“讨好”特朗普:拟取消天然气关税、下调农产品进口税