Sources: India offers US its dairy, chicken access in bid for elusive trade deal with Trump - Reuters
Citing people familiar with the protracted India- US trade talks, Reuters reports that India has offered to partially open up its poultry and dairy markets in exchange for a limited trade deal when US President Trump’s officially visits the country later this month.
Key Points:
India has offered to allow imports of US chicken legs, turkey and produce such as blueberries and cherries and has also offered to cut tariffs on chicken legs from 100% to 25%. US negotiators want that tariff cut to 10%.
The Modi government is also offering to allow some access to India’s dairy market, but with a 5% tariff and quotas.
New Delhi has also offered to lower its 50% tariffs on very large motorcycles made by Harley-Davidson, a tax that was a particular irritant for Trump, who has labeled India the “tariff king.” The change would be largely symbolic because few such motorcycles are sold in India.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
