India Aces Trump’s Reciprocal Tariff Test

Well, maybe the reciprocity strategy on trade will work. Indian Prime Minister Narendra Modi has agreed to lower tariffs on U.S. products – which still remain very high.

Assuming this Reuters report is accurate, Trump is winning the art of the deal:

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, aimed at fending off reciprocal tariffs.

The South Asian nation wants to mitigate the impact of U.S. President Donald Trump’s reciprocal worldwide tariffs set to take effect from April 2, a threat that has disrupted markets and sent policymakers scrambling, even among Western allies.

This would be a total win-win for the world’s two largest democracies. Trump and Modi: Get this done.

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