Indo-Rus Trade Deal in works: India provides zero-for-zero tariffs on steel, auto parts, says reports

India closed in US trade deal? In trade discussion with the US, India has made a proposal for zero-for-zero-tariff arrangements on specific items including steel, auto parts and pharmaceuticals, limited to mutuality, with knowledge of the case, with knowledge of the case and limited to some import versions.
The discussion comes at a time when US President Donald Trump hit a 90-day break button on the proposed mutual tariff. Many Asian countries, including South Korea, Japan and India, are at the forefront of achieving interim agreements with the Trump administration.
According to a report by Bloomberg, during his visit to Washington in the last month, Indian trade representatives submitted this proposal to accelerate the discussion for the bilateral trade agreement extended by Autumn this year.
According to sources, once imports will apply more once than the specified limit.
Also read China’s pain for India’s benefits? Jefferies says that India, Japan can make a better deal with Trump amidst US-China trade war
The two countries are focusing on select industries to achieve a sharp trade agreement before the conclusion of the 90-day suspension of President Donald Trump’s mutual tariff, indicating sources.
Trump indicated on Sunday that many trade agreements could be finalized this week, potentially to avoid US import tariffs to reduce business partners concerns. It comes amid a contraction in the American economy.
According to sources quoted in Bloomberg’s report, the United States has expressed concern to India about quality control orders, seen as obstacles to trade, which disrupts American exports.
Also read ‘Earthquaker changes in US trade policy …’: S&P cut India’s GDP growth for the second time in two months on Trump Tariff Uncertainty.
These compulsory quality requirements, which establish standards for both domestic and international manufacturers selling products in India, have faced criticism for transparency and lack of fairness.
Indian authorities have shown a desire to review the current QCO, especially in medical equipment and chemical fields. He has proposed to set up a mutual recognition agreement with the United States, allowing the two countries to accept and accept each other’s regulatory structures and processes.
It is uncertain to include these suggestions in the final agreement.
The figures indicate a significant increase in QCOS, more than 140 more than 140 before 2014.