India Offers Zero Tariffs on US Pharmaceuticals, Steel, & More
In what is an important development in the ongoing trade negotiations, India is reportedly offering zero tariffs on US pharmaceuticals, steel, and other imports. Indeed, the country is set to extend zero reciprocal import duties on the goods amid its ongoing trade deal discussions, Bloomberg reports. The two countries are engaged in ongoing talks of a new trade deal following the United States’ imposition of 10% sweeping trade tariffs on all countries. US President Donald Trump introduced the plan in an effort to balance trade, with the focus being on new agreements that would fulfill this charge. JUST IN: India offers zero tariffs on pharmaceuticals, steel, and auto parts from the US. pic.twitter.com/XB7lajs2KX — Watcher.Guru (@WatcherGuru) May 5, 2025 Also Read: Temu Halts Shipping Products From China to US: Cites Tariffs India & US Trade Discussions Feature Zero Tariffs on Key Western Imports One of the major developments of US President Donald Trump’s first 100 days bac...