India Navigates Trump Tariffs: Potential Impacts on Trade Talks
India is evaluating the legal uncertainties of Trump-era tariffs ahead of upcoming trade talks with the US. The outcome may shape the terms of a potential bilateral trade agreement. Amid ongoing global negotiations, India's response includes considering retaliatory tariffs to safeguard national interests.
- Country:
- India
In the face of legal ambiguities surrounding the Trump administration's tariffs, India is preparing for another series of trade discussions with the United States. These negotiations are slated to influence the formation of a potential bilateral trade agreement aimed at mutual benefit.
Amidst the complexities, a delegation of US officials is expected in India from June 5 to engage in talks on the proposed pact. However, varying scenarios, such as potential tariff increases on steel and the legal back-and-forth over existing tariffs, contribute to uncertainty in reaching an interim deal by July 9.
India is committed to protecting its interests in these discussions, reserving the right to impose retaliatory tariffs against US measures on steel and aluminum. With ongoing global trade negotiations, India remains focused on what benefits the nation most in this challenging trade landscape.
(With inputs from agencies.)
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