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No talks yet on reciprocal tariff with US: Govt officials
The New Indian Express Chennai
|March 18, 2025
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.
"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.
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