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EU seeks tariff elimination on car imports from India, domestic industry remains cautious
Monday, 7 April 2025
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.
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