India considers 'zero-for-zero' tariff strategy against US

India is considering a 'zero-for-zero' tariff approach to counter US President Donald Trump's proposed reciprocal tariffs. This strategy involves India eliminating import duties on specific products, prompting the US to do the same, potentially reducing India's high average tariffs. Experts suggest this method is preferable to a bilateral trade agreement, which would take longer to negotiate and could force India to address sensitive issues like agriculture. A quick 'zero-for-zero' deal could be finalized before the US tariffs take effect on April 2. The textile industry in India is particularly optimistic about this approach. With US tariffs on Chinese imports, Indian textiles could become more competitive. However, the industry is concerned about the impact of reciprocal tariffs, making the 'zero-for-zero' strategy appealing.