https://www.taxtmi.com/news?id=54271 US assertions describe an Indian offer to eliminate tariffs amid a stated long-standing trade imbalance and recent US-imposed duties. The US President said India proposed cutting tariffs to zero after decades of a one-sided commercial relationship, noting India's significant purchases from Russia. The United States has applied reciprocal tariffs and additional levies linked to India's purchases of Russian oil, producing combined duties among the highest worldwide. India deems the measures unjustified and affirms it will take steps to protect national interests and key domestic constituencies. en-us Mon, 01 Sep 2025 19:31:04 +0530 Mon, 01 Sep 2025 19:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54271 US assertions describe an Indian offer to eliminate tariffs amid a stated long-standing trade imbalance and recent US-imposed duties. The US President said India proposed cutting tariffs to zero after decades of a one-sided commercial relationship, noting India's significant purchases from Russia. The United States has applied reciprocal tariffs and additional levies linked to India's purchases of Russian oil, producing combined duties among the highest worldwide. India deems the measures unjustified and affirms it will take steps to protect national interests and key domestic constituencies. News - Mon, 01 Sep 2025 19:31:04 +0530 https://www.taxtmi.com/news?id=54271