EU seeks tariff elimination on car imports from India, domestic industry remains cautious
The European Union urges India to significantly lower tariffs on car imports from over 100% to 10% amid trade deal negotiations. Despite domestic automakers' concerns, the potential agreement would benefit European carmakers like Volkswagen and Tesla. Both sides are showing flexibility to finalize the deal by year-end to prevent economic repercussions.
The European Union urges India to significantly lower tariffs on car imports from over 100% to 10% amid trade deal negotiations. Despite domestic automakers' concerns, the potential agreement would benefit European carmakers like Volkswagen and Tesla. Both sides are showing flexibility to finalize the deal by year-end to prevent economic repercussions. What's Your Reaction?
