A delegation of officials from the United States will visit India today for trade talks with Indian officials. The visit comes against the backdrop of U.S. President Donald Trump’s plan to impose reciprocal tariffs on various countries, including India.
This visit by U.S. trade officials gains significance as these tariffs are expected from April 2, raising concerns among Indian exporters.
As India and the U.S. engage in discussions to resolve tariff-related issues and finalize a framework for a bilateral trade pact, India has a clear expectation that the Trump administration may exempt it from the proposed reciprocal tariffs.
In another development that could significantly impact India’s energy sector, U.S. President Donald Trump has threatened a 25% tariff on countries importing oil and gas from Venezuela. This move is seen as a fresh challenge to India’s oil import diversification strategy amid rising geopolitical uncertainties.