As the U.S. seeks to negotiate a bilateral trade deal with India, car import tariffs are a key focus, particularly affecting Tesla's entry into the Indian market. President Trump is pushing for reductions in these tariffs, which currently hinder Tesla's investment plans, including potentially billions in funding for a new plant and local battery production. Despite being open to discussions, India remains cautious about eliminating tariffs entirely, impacting Tesla's strategies and the overall trade relationship between the two nations.
"India's car import tariffs will be part of formal discussions with the Trump administration as the pair attempt to strike a bilateral trade deal."
"The U.S. ask is for India to bring tariffs down to zero or negligible in most sectors, except agriculture," noted one source.
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