In a surprising geopolitical shift, former US President Donald Trump has moderated his previously aggressive tariff policies targeting Indian imports. This recalibration is designed to foster stronger economic collaboration with India, signaling a renewed commitment to the strategic partnership between the two nations. Key sectors such as technology, pharmaceuticals, and defense stand to benefit from reduced trade barriers, paving the way for enhanced bilateral investment flows and market access.

Highlights of the revised tariff approach include:

  • Phased reduction of tariffs on select Indian goods starting Q3 2024
  • Increased US support for India’s growing tech infrastructure
  • Enhanced cooperation on intellectual property protections
  • Joint initiatives to boost manufacturing and supply chain resilience
Sector Previous Tariff Rate Source.

—-

12345678