‘Zero-for-Zero’ tariff strategy unlikely in proposed India-US trade deal

India and the US are unlikely to adopt a ‘zero-for-zero’ tariff strategy in their bilateral trade agreement due to differing economic development stages. Instead, they are pursuing a comprehensive package deal covering goods, services, and non-tariff barriers, aiming to more than double bilateral trade to $500 billion by 2030. Negotiations began in March, with sector-specific discussions planned following preliminary talks.