U.S. could ease India tariffs after Trump calls Modi

Core Viewpoint - The U.S. is considering eliminating the penal import tariff on Indian goods and reducing the reciprocal tariff to 10-15% from the current 25% according to India's Chief Economist Adviser V. Anantha Nageswaran [1] Group 1 - The potential removal of the penal import tariff could enhance trade relations between the U.S. and India [1] - The reduction of the reciprocal tariff from 25% to 10-15% may lead to increased exports from India to the U.S. [1]