U.S. may scrap penal tariff on India, cut reciprocal tariff, India chief econ adviser says

MUMBAI (Reuters) -The U.S. may soon scrap the penal import tariff on Indian goods and could also cut reciprocal tariff to 10-15% from existing 25%, India’s Chief Economist Adviser V. Anantha Nageswaran said on Thursday. Read full story

Source : https://www.thestar.com.my/news/world/2025/09/18/us-may-scrap-penal-tariff-on-india-cut-reciprocal-tariff-india-chief-econ-adviser-says