NEW DELHI, March 7 (Reuters) - India should bring down
its high tariffs for the Unites States as Washington means to
pursue "something grand" in a bilateral trade deal between the
two countries, U.S. Commerce Secretary Howard Lutnick told India
Today television on Friday.
India's tariffs, amongst the highest in the world, require a
rethinking of its "special relationship" with the U.S., Lutnick
said in an interview.
His remarks come weeks ahead of U.S. President Donald
Trump's planned reciprocal tariffs from early April on trading
partners, including India, which are worrying exporters across
sectors ranging from autos to agriculture.
"We would like to focus on bilateral conversation just
between India and the United States, bring down the tariff
levels that India has, that protects some of its areas," Lutnick
said.
For sensitive sectors like agriculture, which India has long
protected in the interest of its small farmers, Lutnick said a
deal can be crafted with certain quotas and limits, but India
must open up the sector.
After a meeting between Trump and Indian Prime Minister
Narendra Modi last month, the two countries agreed to resolve
tariff rows and work on the first segment of a deal by the fall
of 2025, aiming for bilateral trade worth $500 billion by 2030.
Indian trade minister Piyush Goyal was on a nearly week-long
trip to the U.S. and on Tuesday met Lutnick to
pursue trade talks.