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Strategic Prudence
The Statesman
|March 17, 2025
As India and the United States revisit bilateral trade ties, the Modi government finds itself in a complex negotiation with President Donald Trump's administration.
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Reports suggest India is considering reducing tariffs on a range of American goods - almonds, walnuts, apples, boric acid, and diagnostic reagents - following the visit of Commerce and Industry Minister Piyush Goyal to Washington. Union Commerce Secretary Sunil Barthwal maintains that no final decision has been taken and that domestic interests are being protected. Yet, without an official statement clarifying the details, speculation is filling the vacuum. Indian growers - especially apple producers in Himachal Pradesh and walnut farmers in Jammu and Kashmir - are voicing concerns. They fear that lower import duties on US goods will flood the market with cheaper alternatives, depressing prices and jeopardising livelihoods already under strain. At the heart of these negotiations is the question: What is India getting in return? Many believe that the tariff reductions under discussion are tied to restoring India's preferential trade status under the Gen
This story is from the March 17, 2025 edition of The Statesman.
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