India considers lowering import duties on American walnuts, almonds, apples, and cranberries

New Delhi: India might decrease or utterly remove import levies on American walnuts, almonds, apples and cranberries because it seeks to forge deeper commerce ties with the US and iron out key contentious points with the nation forward of Donald Trump’s reciprocal tariffs that are set to kick off on April 2.

Officers mentioned talks are on to supply responsibility concessions on American walnuts and almonds and remove duties on cranberries. The 2 sides are eyeing a bilateral commerce deal by finish of yr and have set a goal of $500 billion bilateral commerce by 2030. New Delhi imposes customary 42-120% responsibility on almonds and 50% on apples. Walnuts appeal to 100-120% responsibility.

“We’re within the means of resolving these points… There’s a group of negotiators in Washington doing that,” mentioned an official.

The ministry of commerce and trade has held consultations with stakeholders about decreasing industrial tariffs in sectors during which India has offensive pursuits and those with insignificant American imports.

India can be mulling giving responsibility concessions on American cherries and cranberries, which face 30% import tariffs. New Delhi imported $614.5 million value of almonds from the US in April-November FY25, $22.48 million value of apples and $6.68 million value of cranberries.

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