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,

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.”

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

In a significant policy announcement from the Oval Office, President Donald Trump has declared a 25 per cent tariff on all imported vehicles entering the United States, a move he described as "very exciting" for domestic manufacturing.

President Donald Trump on Wednesday said he was placing 25% tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains.

An abundance of motivated young professionals is luring American businesses to base their global operations in Indian cities.