US, India Discuss Tariffs Amid Trade Deal Negotiations

The U.S. has imposed a 10% baseline tariff on all countries, aiming to address a significant trade deficit, while India appears relatively insulated with a 26% tariff on its goods. In response, Indian officials are engaged in ongoing talks with U.S. counterparts to finalize a bilateral trade agreement, emphasizing the importance of a fair and balanced trade relationship. Despite the tariffs, India is not planning to retaliate but is instead pursuing multiple trade agreements with the U.S., EU, and UK to deepen supply chain integration and mitigate future trade war impacts. Union Minister Piyush Goyal criticized China's trade practices during these discussions, highlighting India's commitment to addressing unfair pricing and strengthening domestic manufacturing. The outcome of these negotiations could stabilize relations and enhance investor confidence amid global economic uncertainties. Overall, India is leveraging its position to navigate the current trade tensions strategically while exploring new partnerships in Asia.