India, US Working on Removing Trade Barriers: Centre Informs Parliament

New Delhi: The Union government has informed Parliament that India and the United States are mutually working on reducing tariff and non-tariff barriers and a bilateral process is underway to resolve key trade issues bilaterally.

In a written reply,  Union Minister of State (MoS) for Commerce and Industry Jitin Prasada mentioned that currently there has been “no imposition” of reciprocal tariffs by the US on India.

“As on date, there has been no imposition of country specific including reciprocal tariffs by U.S. on India,” Minister informed Rajya Sabha in a written reply to the question of CPI (M) MP John Brittas.

Working With US to Remove Trade Barriers, says Centre

The Commerce Ministry further said India and US are working together under "Mission 500", where both countries aim to more than double US-India trade to USD 500 billion by 2030.

“Both nations released a joint statement on February 13, 2025, reaffirming their commitment to deepening economic ties. Under the ambitious "Mission 500", both countries aim to more than double US-India trade to USD 500 billion by 2030 to be achieved by deepening the trade relationship across multiple sectors,” Union MoS stated.

When Will Trump Impose Reciprocal Tariff on India

On multiple occasions, US President Trump has reiterated his threat to impose reciprocal US tariffs on India starting April 2.

“I have a very good relationship with India, but the only problem I have with India is that they are one of the highest tariffing nations in the world. I believe they are probably going to be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they charge us,” Trump was quoted as saying by a US news network.

What will be Impact of Trump's Tariff on India

According to CRISIL's India Outlook Report, Trump's reciprocal tariffs can impact exports, which accounts for "22% of India's GDP , adding to the pain from moderating global trade growth and heightened trade uncertainties."

Also Read: EU Delays Retaliatory Tariffs on US, Hopes for Last-Minute Deal

The United States President Donald Trump 's reciprocal tariffs can affect exports of several sectors including steel, aluminium, gems and jewellery, and pharmaceutical products, among others.