Delhi hopes for some tariff easing as it works on US trade agreement

News Snapshot:

As India and the US prepare to work on the contours of a bilateral trade agreement (BTA), New Delhi hopes to secure concessions on the sweeping tariffs announced by US President Donald Trump, such as the 25 per cent tariff on all steel and aluminium, as well as reciprocal tariffs that could impact India’s exports to the US. “All tariff announcements coming from the US will be addressed in the trade forum, where both countries have agreed to sign a trade deal and increase trade to $500 billion (by 2030). Negotiators from both countries will discuss a roadmap on how...