No talks yet on reciprocal tariff with US: Govt officials

THE Indian government is currently focusing only on the terms of Bilateral Trade Agreements (BTA) with the US, and no talks have been held on 'averting' reciprocal tariff, a government source told TNIE.

- DIPAK MONDAL@ New Delhi

"Reciprocal tariff is a US law and part of its broader international trade strategy, which will impact not just one country. So, we have not been talking with them on reciprocal tariff," says a government official on the condition of anonymity.

The US has announced it will impose a reciprocal tariff beginning 2 April 2025 under which it will increase the tariff on countries that levy higher duties on exports from the US than duties levied by the US on their exports.