New Delhi, Sept. 11 -- The European Union (EU) has reportedly turned down US President Donald Trump's proposal to impose 100 per cent tariffs on India and China, according to media reports, a move that could support Indian exporters and boost sentiment across sectors with significant European exposure.

Trump had urged the EU to impose steep tariffs on India and China, citing their role as major buyers of Russian oil. The proposal was discussed during an EU delegation visit to Washington aimed at coordinating sanctions against Russia.

The EU's likely refusal comes at a critical juncture as negotiations with India over a comprehensive Free Trade Agreement (FTA) are in their final stages, with an ambitious year-end 2025 target for conclusi...