The US has proposed a zero-to-zero tariff regime with India, excluding agricultural goods. Commerce Minister Piyush Goyal held trade talks in Washington as India-US bilateral trade stood at $118.2 billion in FY24, with India maintaining a $36.8 billion surplus. Meanwhile, Trump also announced a one-month exemption for automakers from his 25% tariffs on Canada and Mexico, provided they adhere to existing free trade agreements, the White House said on Wednesday.
March 23, 2025
