在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Asia-Pacific

Tariffs to be focus of PM Modi's US trip

Indian leader may offer concessions to Trump to avoid trade war: Experts

By APARAJIT CHAKRABORTY in New Delhi and XU WEIWEI in Hong Kong | China Daily | Updated: 2025-02-12 10:07
Share
Share - WeChat

Indian Prime Minister Narendra Modi begins a two-day visit to the United States on Wednesday, with reports suggesting that he has lined up some tariff concessions as he meets US President Donald Trump in Washington and tries to avert a potential trade war.

The primary focus during the meeting between Modi and Trump will be on reducing import tariffs to boost US exports to India, Indian trade experts said.

"We don't want to give anybody any signal that we would like to be protectionist," India's Finance Secretary Tuhin Kanta Pandey said on Feb 1 after the federal budget was unveiled in Parliament that day.

The official made the remark after Trump sparked global concerns with sweeping tariff proposals against Canada, Mexico and China, and said he may also impose levies against other nations and regions.

India's "enormously high" tariffs block imports, US news channel CNBC quoted Kevin Hassett, Trump's top economic adviser, as saying. Hassett made the comment ahead of Modi's scheduled visit to Washington. Trump, advocating reciprocal tariffs, previously criticized India as a "big abuser "of trade, according to CNBC.

India may announce a cut in import duties on some US products, said Biswajit Dhar, a former professor at Jawaharlal Nehru University, or JNU, New Delhi.

In the federal budget, India reduced import duties on motorcycles, cutting tariffs on heavy bikes with engines above 1,600 cc from 50 percent to 30 percent and smaller ones from 50 percent to 40 percent.

The move to reduce import duty on heavy bikes is an attempt to avoid a tariff threat and facilitate the smooth entry of US-made Harley-Davidson motorcycles into India, Dhar said, adding New Delhi wanted to convey a message to Trump that it wants to accommodate his interests.

Dhar said it is a different matter whether Trump is going to be convinced because he has a long list of products on which he wants tariffs to be reduced.

"Canada and Mexico are the biggest trading partners of the US. If he can act against them, he could easily target anyone," he said.

According to Indian official data, India had a trade surplus of $35.3 billion with the US in the fiscal year ending March 2024.

India exports a wide variety of goods to the US, including textiles, pharmaceuticals, engineering goods, petroleum products, machinery and cut diamonds. Bilateral trade between the two countries totaled almost $120 billion in 2023.

Tariff reduction announced in the budget on products such as motorcycles will benefit US exports, said Ajay Srivastava, founder of the Delhi-based think tank Global Trade Research Initiative, or GTRI.

Amid Trump's repeated criticism of India as a trade abuser, India's budget introduced significant tax cuts on multiple products, GTRI said in a report. "Whether these reductions will alter Washington's view of India's trade practices … remains to be seen," it said.

More cuts

It is possible that after the Modi-Trump meeting, India may announce more tariff concessions to boost US exports to India, according to Indian economist Abhirup Sarkar.

Swaran Singh, a professor of international relations at JNU, noted that so far India has been spared from Trump's tariffs, adding the Modi-Trump meeting scheduled on Thursday "is expected to further fine-tune bilateral irritants".

Karori Singh, former director and emeritus fellow of the South Asia Studies Centre at India's University of Rajasthan, said the entire world has apprehensions about Trump's moves.

In his announcement on Monday, Trump unveiled 25 percent blanket tariffs on steel and aluminum imports and ended duty-free quotas, exemptions and exclusions.

The move will increase prices in the US and adversely affect exports by some countries, experts say.

"Such measures may cast their shadow over Modi-Trump talks as well," Karori Singh said. "It is, therefore, imperative that countries across the globe take joint steps to resist these protectionist measures which are likely to adversely affect the flow and fair practice in international trade."

Expressing "deep concern" over the latest US steel tariffs, Indian Steel Association President Naveen Jindal said in a statement on Monday that Washington's move will further disrupt global trade and intensify challenges for the steel industry.

Aparajit Chakraborty is a freelance journalist for China Daily.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产精品国产三级国产aⅴ无密码 | 黄色片在线免费观看 | 国产成人精品亚洲日本在线观看 | 综合色成人 | 国产福利一区二区三区四区 | 色香蕉在线 | 一区福利视频 | 精品美女在线 | 91蜜桃视频| 四虎永久在线 | 欧美精产国品一二三区 | 精品一区国产 | 冷水浴在线观看 | 久久99精品久久久 | 羞羞视频网 | 日本色综合 | 欧美日韩中文在线 | 日韩欧美在线看 | 一区二区三区精品视频 | 国产精品美女久久久 | 色屁屁草草影院ccyycom | 国产精品久久久久久久7电影 | 国产精品一区久久久久 | 国产一区久久 | 四季久久免费一区二区三区四区 | 一区二区三区亚洲视频 | 不卡的av电影| 亚洲国产欧美日韩 | 精品国产乱码久久久久久1区2区 | 成人作爱视频 | 亚洲成人免费影院 | 日本激情网 | 中文字幕三级在线看午夜 | 色综合网址 | 成人欧美一区二区三区1314 | 超黄网站 | 国产精品女教师av久久 | 亚洲精品视频免费 | 国产视频亚洲 | 四虎永久在线 | 亚洲v欧美|