Reported about 17 hours ago
The European Union is urging India to remove tariffs on car imports as negotiations on a long-overdue trade agreement progress. India's government is willing to offer a phased reduction of tariffs down to 10% from over 100%. This move follows a similar request from the Trump administration in the U.S., as the EU seeks to enhance access for European automakers. Indian car manufacturers are concerned that significant tariff reductions could jeopardize local investments and the domestic auto industry.
Source: YAHOO