A ‘zero-for-zero’ tariff strategy under the proposed bilateral trade agreement between India and the US is unlikely, as the two countries are at different levels of economic development, official sources said. Certain trade experts have suggested that India can propose a ‘zero-for-zero’ tariff strategy to the US for addressing America’s reciprocal tariff hikes.

An official said that the India-US agreement will always be a “package” deal that could include issues such as goods and non-tariff barriers, adding “it does not happen like this that if he will do ‘zero’ in electronics, we will also do in electronics. Trade agreements do not happen like this. ”.