India offers zero tariffs on US steel and auto parts – Bloomberg

According to the agency, the proposal was made during a visit by Indian officials to Washington in late April. Both sides are trying to speed up the conclusion of a bilateral trade agreement this fall.

According to Bloomberg sources, duty-free imports will apply only to a certain volume of goods. Once the limit is exceeded, standard tariff rates will apply.

Among the US conditions is resolving disputes over India’s so-called Quality Control Orders (QCOs), which Washington sees as non-tariff barriers. These are mandatory quality standards that all producers, including foreign exporters, must meet. The US describes them as non-transparent and unfair.

In response, India is ready to review these requirements in certain sectors, such as medical devices and chemicals, and proposes to sign an agreement on mutual recognition of standards.

Negotiations are still ongoing, and it remains unclear whether these proposals will be included in the final deal.

Trump's tariffs

In April, US President Donald Trump signed a decree imposing tariffs on imports from more than 180 countries. He explained this step as a response to unfair tariffs imposed by other countries on American products.

According to the document, reciprocal tariffs ranging from 11% to 48% are introduced for certain countries, while the rest will be subject to a base rate of 10%. The exception is made for Canada and Mexico, whose customs policy is regulated separately.

The US imposed the largest tariffs against China. The US administration raised tariffs on Chinese goods to 145%.

Later, Trump suspended these tariffs for 90 days and set a single rate of 10% for all countries.

Earlier, it was reported that India has no plans to retaliate against Trump's tariffs. Negotiations are ongoing between the countries.