India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years,

China, Canada and the European Union have appeared unwilling to negotiate on the Trump administration’s proposed tariffs — but India has been an active participant at the negotiating table,

US tariff uncertainties may push gold prices to ₹87,000- ₹90,000 in 1H2025, with potential for further increase by 2H2025.

The South Asian nation is feeling the heat as the White House gears up to launch stiff reciprocal tariffs on April 2, what Trump has called “Liberation Day.”

India is hoping to attract more manufacturing as the Trump administration's tariff policies make it more expensive to do business in China.

India emphasized that the weighted tariff it levies has come down from 17% in 2023 to 10.66%, following changes in duty structures announced in the Union Budget for FY26, setting the stage for further negotiations in the coming rounds.

India is hoping to avert U.S. President Donald Trump's reciprocal tariffs set for next week. Unlike China, Canada and the European Union, India is actively seeking to appease the Trump administration and is open to cutting tariffs on over half of U.