Government defended the tariff amid Trump's threats, the minister said - we want to protect domestic industries

"Recent reforms have focused on streamlining the tariff structure and facilitating trade," he said.

The minister said India is a member of the World Trade Organisation and is bound by its maximum tariff that can be applied on any commodity line. The tariffs are generally lower than the maximum tariff fixed for any commodity.

He said India is moving towards more and more free trade agreements in the changing trade scenario. The minister informed that customs and non-tariff barriers on substantial trade between PTA/FTA members will be reduced or eliminated.

India is currently a member of 13 FTAs ​​and nine PTAs, besides having ongoing trade negotiations with the European Union, the United States, the United Kingdom, Oman, New Zealand and Peru. Reducing tariffs helps, especially on inputs and mid-priced items.

To make manufacturers more competitive, a balanced approach is adopted while deciding on tariff measures, balancing the interests of domestic producers and consumers. The minister said the government has initiated comprehensive tariff reforms to improve the duty structure.

The minister informed that by March 2025, India has eliminated import duty on 35 items required for EV battery production and 28 items for mobile phone manufacturing. "The move is aimed at boosting local production and enhancing export competitiveness in these sectors. Similarly, reduction in import duty on critical minerals is likely to bring investments in the sector," he said.