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India–US trade deal: 18% tariff may give India edge over rivals
Piyush Goyal said an 18% tariff under an India–US trade framework could aid exporters and improve planning, offering India an edge over rivals if talks advance.
India’s proposed trade framework with the US could give domestic exporters a relative advantage as tariffs near 18 % are seen as lower than those faced by several competing countries, Commerce Minister Piyush Goyal said. He noted that predictable duties improve planning for Indian manufacturers, help diversify supply chains, and may boost bilateral trade flows if negotiations progress smoothly between the two economies over time.