Tariff Reductions Under Discussion as US Seeks More Market Access

India is actively reviewing the possibility of reducing import duties on several American agricultural items, particularly dry fruits, in response to ongoing trade negotiations with the United States. The push follows comments from US Commerce Secretary Howard Lutnick, who has urged India to open its agricultural market further to American goods.

Speaking at the India Today Conclave, Lutnick noted that while India can choose how to open its markets—whether by quotas or limits—the overall direction must involve lowering barriers. The US is particularly focused on gaining better access for nuts, fruits, and poultry.

Current Tariffs on US Dry Fruits Products

According to reports, India is considering lowering or eliminating these tariffs to help ease friction in trade talks—especially as the US plans to introduce reciprocal tariffs starting April 2.

India’s Recent Imports of Dry Fruits from the US (Apr–Nov FY25)

Lutnick has proposed what he called a "grand bargain": if India reduces duties on US imports, Washington would support deeper economic ties with India and potentially offer economic incentives in return.

Political Undercurrents and BRICS Concerns

During his remarks, Lutnick also raised concerns over India's growing role in BRICS, especially in light of a proposed joint currency backed by China. He suggested that such moves could complicate trade cooperation and urged India to prioritize transparent, fair trade relations with long-term allies.

India’s possible tariff rollbacks are part of efforts to reduce tensions before the April deadline and create room for a more stable and mutually beneficial trade arrangement between the two countries.