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India Cautious Amid Tariff Uncertainty
Mint Mumbai
|July 16, 2025
India-US Trade Entered a Challenging Phase After Donald Trump Announced Steep Tariff Hikes in April
India is adopting a wait-and-watch approach amid growing uncertainty over the US's proposed tariff hikes for multiple countries, a senior government official said on Tuesday. Rajesh Agarwal, chief negotiator for the India-US bilateral trade agreement and special secretary in the ministry of commerce, said it was too early to devise a contingency plan in the absence of clarity from the US on the scope and impact of the new measures.
"Any backup plan has to be based on actual developments. As of today (15 July), it is too early to estimate how the differential tariffs will play out from 1 August," Agarwal said during a media briefing following the release of the latest monthly trade data.
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