#India-US trade# Trump tariffs# reciprocal tariffs# bilateral trade# US import duties# Commerce Ministry# trade policy
New Delhi/IBNS-CMEDIA: In its first official response to US President Donald Trump’s reciprocal tariffs on India, country’s Department of Commerce said on Thursday that it is carefully examining the implications of the measures and announcements made by Trump.
“The Department of Commerce is engaging with all stakeholders, including Indian industry representatives and exporters, to gather feedback on their assessment of the tariffs and analyse the situation. Keeping in view the vision of Viksit Bharat, the department is also studying potential opportunities that may arise due to this shift in US trade policy,” said the Ministry of Commerce and Industry in a press release.
The Finance Ministry also stated that discussions are underway between Indian and US trade teams to finalise a mutually beneficial, multi-sectoral Bilateral Trade Agreement.
