With less than a month to go for US President Donald Trump's April 2 deadline to impose reciprocal tariffs on India, highly-placed sources have defended New Delhi's move to significantly reduce tariffs as part of the country's broader efforts to advance trade ties with developed nations via bilateral agreements.
In the past as well, India has reduced its average applied tariffs to countries like Australia, the United Arab Emirates, Switzerland and Norway under a series of bilateral trade agreements, with talks for similar pacts with the European Union and the UK currently underway.
The sources said that ongoing discussions between India and the US to reduce applied tariffs should be seen in this context, and not because of Trump's looming deadline.
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