ITC Chairman said India is better at dealing with Trump’s tariffs: “The possibility of several FTAs…”
Sanjiv Puri, chairman of ITC Limited, of the Indian conglomerate, estimates that India will “better” deal with Trump tariffs as several free trade agreements (FTAs) between India and the United States may negotiate. pti Tuesday, April 15.
Pri also stressed that Indian industry has also been looking forward to potential FTAs in the United States, the EU or the UK.
“It’s hard to say how it will develop, but my own awareness is that I think India will be placed better because we do see the possibility of several FTAs (Free Trade Agreements) being inked, which industry has been looking forward to a period of the year, hoping that in the year, whether it’s the EU, the UK, of course, outside of me, I’m in the dialogue, I think that this is in the dialogue, this is in the dialogue, and that’s in the dialogue. News Agency.
India – US Trade Negotiations
India and the United States have been discussing the Bilateral Trade Agreement (BTA) since March 2025, with both countries paying attention to the end of the first phase of the talks from September to October this year.
By 2030, the two countries aim to more than double the bilateral trade to $500 billion. In a bilateral trade agreement, two countries or trading partners decide to significantly reduce or eliminate import tariffs on the maximum quantity of goods between transactions.
Prie also said that India’s consumption-driven economy may face some short-term uncertainty, but the US’s competitiveness, digitalization and future portfolios can offer more.
“So, despite the short-term uncertainty, unpredictability could have some effect on global growth…and therefore, the impact on India is small.”
India’s “more household sector” may face some impact due to US tariffs.
Trump tariffs
U.S. President Donald Trump imposed “reciprocal tariffs” on several countries, including India, on April 2, 2025. But later, Trump decided to postpone tariffs in all countries except China.
Trump’s retaliation against Asian countries on reciprocity tariffs on the United States imposed 145% tariffs on China. However, import taxes that will continue to account for 10% of this tariff suspension.
Reciprocal tariffs have been postponed until July 9, 2025.
