New Delhi:
India is keen to maintain an open trade stance and avoid any perception of protectionism, Finance Secretary Tuhin Kanta Pandey emphasized after the government reduced import duties on high-end motorcycles. This move comes as U.S. President Donald Trump intensifies his tariff policies, sparking global trade concerns.

Speaking to Reuters, Pandey clarified that India’s economic approach does not lean towards restrictive trade measures. “We don’t want to send any signals suggesting protectionism. Our objective is to maintain a balanced and open trade policy,” he stated.

The issue of tariffs, along with immigration, is expected to be a key point of discussion when Prime Minister Narendra Modi meets President Trump later this month. The U.S. has previously criticized India for imposing high tariffs, which it claims hinder American businesses.

Additionally, the Trump administration has raised concerns about undocumented Indian immigrants in the U.S., a matter that India’s foreign ministry has said is being addressed through diplomatic channels.

In Saturday’s budget, India slashed customs duties on motorcycles with engine capacities of 1,600cc or more, lowering the rate from 50% to 30%. Pandey highlighted that this adjustment contributes to reducing the overall tariff average from 13% to 11%, reinforcing India’s commitment to fair trade practices.

“We aim to send the right message both globally and to our domestic industries. While initial protections are meant to support local businesses, they will gradually be phased out as these industries mature,” Pandey added.